Madison Square Garden Sports Considers Major Spin-Off

Madison Square Garden Sports Corp's board has unanimously approved a plan to explore a possible spin-off. The potential restructuring aims to separate the New York Knicks basketball franchise from the New York Rangers hockey business.

Madison Square Garden Sports Corp's board of directors has unanimously approved the exploration of a possible corporate spin-off.

The proposed spin-off would focus on separating the New York Knicks NBA franchise from the New York Rangers NHL business, streamlining operations.

This decision marks a pivotal step in the company's strategic plans for the future.