Madison Square Garden Sports Shares Hit Record High as It Explores ...
MSGS Board unanimously approved exploring a spin-off to give shareholders clearer insight and strategic flexibility; shares rose 13.69% at announcement, reflecting strong market response.
9 Articles
9 Articles
Knicks Eye Historic IPO as MSG Sports Corp Considers Split
The New York Knicks are on the brink of making history, potentially becoming the first NBA team in over two decades to be publicly traded. Madison Square Garden Sports Corp, the entity currently overseeing both the Knicks and the New York Rangers, is contemplating a strategic split that would see each franchise operate as a distinct publicly listed company. This move, if executed… Source
MSG Sports’ Potential Split Could Unlock Knicks, Rangers’ Value
Since MSG Sports spun off from its parent company in 2020, the stock has steadily risen from the $161 open price on its first day on the market to more than $340 today. But the publicly traded holding company, which owns the New York Knicks and Rangers, has designs on how to unlock even more […]
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