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Madison Square Garden Sports Corp. reports developments tied to its professional sports portfolio, including the New York Knicks of the NBA and the New York Rangers of the NHL. The company also owns development league teams, the Westchester Knicks and Hartford Wolf Pack, and operates the MSG Training Center.
Recurring news themes include fiscal results shaped by games played at Madison Square Garden Arena, ticketing, suites, sponsorships, food, beverage and merchandise sales, league distributions and media rights fees. Company updates also cover official team and arena partnerships, changes in finance leadership, capital-structure matters and governance developments related to the publicly traded sports business.
Madison Square Garden Sports (NYSE: MSGS) filed a public Form 10 Registration Statement with the SEC for the proposed spin-off of its New York Rangers business from its New York Knicks business. The transaction would create two separate publicly traded companies.
Post-separation, the existing company is expected to be renamed MSG Knickerbockers Corp., holding the Knicks and Westchester Knicks, while the new MSG Rangers Corp. would hold the Rangers, Hartford Wolf Pack and MSG Training Center. The spin-off is expected to be tax-free, with record holders of Class A and Class B shares receiving a pro-rata distribution of 100% of MSG Rangers Corp. stock. Completion is targeted by the end of October 2026, subject to conditions including league approval, a tax opinion and board approval, and is not assured.
Madison Square Garden Sports (NYSE: MSGS) reported fiscal 2026 revenues of $1,153.8 million, up 11% year over year, with operating income of $28.9 million and adjusted operating income of $58.7 million, both rising versus 2025. Net income was $18.0 million, compared with a prior-year net loss of $17.3 million.
Fourth-quarter 2026 revenues were $278.7 million, up 37%, with operating income of $32.2 million and adjusted operating income of $39.6 million, versus losses a year earlier. Results were driven largely by the New York Knicks’ 2025‑26 NBA Championship run, higher league distributions and in-arena monetization, partly offset by reduced local media rights fees and higher operating and SG&A costs, including expenses related to a proposed spin-off of the New York Rangers business, which the company expects to complete by the end of October 2026, subject to conditions.
Madison Square Garden Sports (NYSE: MSGS) will hold a conference call to discuss fiscal fourth quarter and full-year results for the period ended June 30, 2026, on Thursday, August 13, 2026 at 10:00 a.m. Eastern Time. A results press release will be issued before market open. Investors can join via telephone at 833-461-5787 using conference ID 517527425, or listen via webcast at investor.msgsports.com under “Events.” A webcast replay will be available on the site from 1:00 p.m. ET on August 13, 2026 until 11:59 p.m. ET on August 20, 2026.
Madison Square Garden Sports (NYSE: MSGS) announced that Quentin Dolan has been named President, Chief Operating Officer, and Alternate Governor of the New York Rangers, effective immediately. He will oversee day-to-day ownership responsibilities for the Rangers and Hartford Wolf Pack and continue leading player performance and science for both the Rangers and Knicks.
Madison Square Garden Entertainment (NYSE: MSGE) and Madison Square Garden Sports (NYSE: MSGS) renewed and expanded a multi-year marketing partnership with Lexus, which remains the Official Luxury Auto Partner across their major New York venues, the Knicks, Rangers, and the Christmas Spectacular.
The expanded deal adds Lexus entitlement of VIP North and South entrances into Chase Square, broader vehicle displays at Madison Square Garden and Radio City Music Hall, continued naming of the Lexus Suite Level, and extensive in-arena, exterior, and MSG Networks brand exposure.
Madison Square Garden Sports (NYSE: MSGS) announced that a Knicks fundraiser for two Celebrity Row seats at Game 3 of the 2026 NBA Finals at The Garden raised $1 million for the Garden of Dreams Foundation.
Gibson Dunn and Veritas Capital split the winning bid, marking the foundation’s largest single donation and supporting programs for underserved youth in the New York tri-state area, alongside free Finals tickets for foundation youth.
Madison Square Garden Sports (NYSE: MSGS) announced an exclusive fundraiser where the New York Knicks will auction two Celebrity Row seats for Game 3 of the 2026 NBA Finals, benefiting the Garden of Dreams Foundation. The auction begins Thursday, June 4 at Noon on Knicks.com/celebrityrowauction.
Garden of Dreams youth receive 250 tickets per home game, totaling at least 500 tickets for Games 3 and 4, and 750 tickets if there is a Game 6. Since 2006, the Foundation has impacted over 480,000 young people facing obstacles.
Madison Square Garden Sports (NYSE: MSGS) announced that the New York Knicks will donate hundreds of free tickets for 2026 NBA Finals home games to Garden of Dreams Foundation youth.
The foundation will receive 250 tickets per Knicks home game, benefiting underserved families across New York City.
Madison Square Garden Sports (NYSE: MSGS) filed a confidential initial Form 10 with the SEC for a proposed spin-off separating its New York Rangers business from its New York Knicks business.
The potential, tax-free spin-off would create two publicly traded companies, with shareholders receiving a pro-rata distribution of 100% of the new Rangers company’s stock, subject to multiple approvals and conditions.
Madison Square Garden Sports (NYSE: MSGS) reported fiscal Q3 (ended March 31, 2026) revenues of $432.2M, up $8.0M (2%) year-over-year. Operating income was $2.0M (down $30.4M) and adjusted operating income was $10.3M (down $26.6M). League distributions rose $27.0M from higher NBA national media rights; ticket-related and local media revenues fell due to five fewer home games. Direct operating expenses increased 12%, driven by team compensation, revenue-sharing and luxury tax. The company is exploring a potential spin-off separating the Knicks and Rangers businesses.