Madison Square Garden Sports shares hit record high as it explores Knicks, Rangers spinoff

Shares of Madison Square Garden Sports rose more than 16% to hit a record high on Wednesday after the company said it has approved a plan to explore a possible spinoff to separate its New York Knicks franchise from its New York Rangers businesses.

Reuters • Feb 18, 2026

Madison Square Garden weighs separating New York Knicks, Rangers into 2 companies

Jim Dolan's Madison Square Garden Sports announced Wednesday that it is considering splitting the New York Knicks and Rangers into two separately traded public companies.

New York Post • Feb 18, 2026

MSG Sports to Explore Split of New York Knicks and Rangers

MSG Sports has long traded at a huge discount to the value of the two teams.

Barrons • Feb 18, 2026

Madison Square Garden Sports Corp. Board of Directors Unanimously Approves Plan to Explore Possible Spin-Off

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) today announced that its board of directors has unanimously approved a plan to explore a possible spin-off that would separate its New York Knicks business from its New York Rangers business, creating two distinct publicly traded companies. The possible transaction would enable shareholders to more clearly evaluate each company's assets and growth prospects, while providing both companies with enhanced str.

Business Wire • Feb 18, 2026

Roundball or Hockey? Investors Might Get to Own Shares of the Knicks and Rangers

If you've always wanted to own a piece of a pro basketball team, this deal might be a slam dunk. (If you prefer ice hockey, insert your favorite metaphor here.

Investopedia • Feb 18, 2026

MSG Sports Explores Separating Knicks, Rangers

CEO James Dolan said the move would provide each team with greater flexibility and create additional value for shareholders.

WSJ • Feb 18, 2026

Warner Bros. Reopens Talks, MSG Sports Talks Knicks, Rangers Spinoff | Bloomberg Deals 2/18/2026

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Principal Venture Partners Founder and Managing Partner Songyee Yoon, AlixPartners Americas Co-Leader of TMT Nenad Milicevic-Helac and KKR Co-Head of Credit and Markets Christopher Sheldon.

Bloomberg Markets and Finance • Feb 18, 2026

Madison Square Garden (MSGS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Madison Square Garden (MSGS) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research • Feb 13, 2026

Reinhart Partners Bets on Sports Growth With Madison Square Garden Sports Purchase

Bought 214,891 shares of MSGS, with an estimated transaction value of $55.59 million based on average pricing for the quarter Quarter-end position value increased by $55.59 million, reflecting both trading activity and share price movement Position represents 1.66% of 13F reportable assets under management This new stake places MSGS outside the fund's top five holdings as of the latest filing We're bullish on these 10 stocks ›

The Motley Fool • Feb 12, 2026

Madison Square Garden Sports Corp. (MSGS) Q2 2026 Earnings Call Transcript

Madison Square Garden Sports Corp. (MSGS) Q2 2026 Earnings Call Transcript

Seeking Alpha • Feb 5, 2026