How the Knicks Win on Wall Street

Madison Square Garden Sports, controlled by the Dolan family, has filed a plan to create two separate publicly traded companies—one to focus on the NBA champion New York Knicks and another on the NHL’s New York Rangers. The spinoff is expected to be completed in October and is designed to better capture the separate value of each franchise. The article links the move to rising sports-team valuations and to uncertainty created by changing tax law that could make teams less inclined to stay public. MSG Sports shares have climbed from $180 on March 31, 2025 to more than $403 this week, though the market value still sits below theoretical sale values for the teams.