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The Knicks and Rangers may split into separate public companies to boost value, pending league approval.
Madison Square Garden Sports Corp. has approved exploring a separation of the New York Knicks and Rangers into independent, publicly traded companies to boost shareholder value and strategic flexibility.
The move, which requires NBA and NHL approval, would create distinct entities for each team and their minor league affiliates, potentially increasing their valuations.
While no final decisions have been made, the change could enhance accountability through public market pressures and reflect broader trends in sports franchise management.
The Dolan family, which has owned both teams since 1994, may retain influence, but no immediate sale is planned.
Los Knicks y los Rangers pueden dividirse en compañías públicas separadas para aumentar el valor, pendiente de la aprobación de la liga.