Oct 27, 4:24 PM ET
On October 26, 2026, MSG Knickerbockers Corp., formerly Madison Square Garden Sports Corp., distributed all shares of MSG Rangers Corp., which holds the New York Rangers business, to its stockholders. Going forward, the company will no longer include the Rangers' results in its own financial reporting, so shareholders will hold stock in two separate public companies. The filing's pro forma figures show how the company would have looked without the Rangers, but they are illustrative only and are not actual results.
- Distribution completed October 26, 2026: one MSG Rangers Class A share for every two Class A shares held at the October 20, 2026 record date, with Class B shares distributed on the same ratio.
- Pro forma revenue for the fiscal year ended June 30, 2026 was $816.6 million, compared with $1,153.8 million historically; pro forma diluted EPS was $1.09, compared with $0.32 historically.
- James L. Dolan, Executive Chairman and CEO, received a one-time $10,000,000 cash award for the Distribution, paid October 26, 2026.
- The company was renamed MSG Knickerbockers Corp. effective 11:59 p.m. on October 26, 2026, and the NHL Transfer Consent Agreement requires NHL consent for future transfers of the Rangers.
Read the filing on SEC.gov ↗
Sep 30, 4:39 PM ET
MSG Knickerbockers entered into agreements on September 30, 2026 to separate its New York Rangers hockey business into MSG Rangers Corp., which will be distributed to its stockholders. The company keeps sole discretion over whether to proceed, and the distribution is expected on October 26, 2026, after which shareholders will hold shares in both companies.
- Record date is October 20, 2026; distribution is expected October 26, 2026.
- Holders receive one MSG Rangers share for every two shares of MSG Sports common stock held at the record date.
- Regular way trading of MSG Knicks (MSGK) and MSG Rangers (MSGR) is expected to begin October 27, 2026.
- Completion depends on effectiveness of the Form 10, certain conditions, final league approval and a tax opinion.
Read the filing on SEC.gov ↗
Sep 22, 9:00 AM ET
Effective September 21, 2026, Jamaal T. Lesane became Executive Vice President and Chief Legal Officer of Madison Square Garden Sports Corp. and stopped serving as Chief Operating Officer. Bryan Warner, Senior Vice President and Head of Legal, ceased to be an executive officer on the same date but remains employed with the same title under his existing employment agreement. The filing describes changes in the company's senior legal and operating leadership, with no financial figures disclosed.
- Jamaal T. Lesane became Executive Vice President and Chief Legal Officer effective September 21, 2026
- Lesane ceased to serve as Chief Operating Officer as of the same date
- Bryan Warner ceased to be an executive officer effective September 21, 2026 but keeps his Senior Vice President, Head of Legal title
- The filing is dated September 22, 2026 and was signed by Mark C. Cresitello, Senior Vice President, Deputy General Counsel and Secretary
Read the filing on SEC.gov ↗
Aug 13, 7:40 AM ET
MSG Sports reported fiscal fourth-quarter and full-year 2026 results, with revenue up 11% for the year to $1,153.8 million and operating income of $28.9 million, up from $14.8 million. The quarter swung to an operating income of $32.2 million from an operating loss of $22.6 million a year earlier, driven largely by playoff revenue after the New York Knicks won the 2025-26 NBA Championship. The company also said it expects to complete the proposed spin-off of its New York Rangers business by the end of October 2026, subject to conditions including board approval.
- Q4 revenue of $278.7 million rose $74.8 million, or 37%, with playoff-related revenues up $66.9 million
- Fiscal 2026 operating income of $28.9 million vs. $14.8 million; adjusted operating income of $58.7 million vs. $38.2 million
- Fiscal 2026 net income of $7.8 million vs. a net loss of $22.4 million in fiscal 2025
- Rangers spin-off expected by end of October 2026, subject to conditions including Company board approval
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.