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Madison Square Garden Sports Corp

Madison Square Garden Sports Corp. is a professional sports company based in New York, New York. Its portfolio includes the New York Knickerbockers of the NBA and the New York Rangers of the NHL, along with development league teams such as the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also operates the Madison Square Garden Training Center, a professional sports team performance center in Greenburgh. The company was formerly known as The Madison Square Garden Company and was incorporated in 2015.

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MSG Sports Files Form 10 for Rangers Spin-Off

Madison Square Garden Sports Corp. has publicly filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission for the proposed spin-off of its New York Rangers business from its New York Knicks business. Following the spin-off, MSG Sports is expected to be renamed MSG Knickerbockers Corp. and would include the Knicks and the Westchester Knicks, while the newly created MSG Rangers Corp. would include the Rangers, the Hartford Wolf Pack, and the MSG Training Center. James L. Dolan is expected to serve as Executive Chairman and Chief Executive Officer of MSG Rangers Corp. and remain Executive Chairman and Chief Executive Officer of MSG Knickerbockers Corp. The transaction is expected to be structured as a tax-free spin-off to all Company shareholders, with record holders of Class A and Class B common stock receiving a pro-rata distribution of 100% of the common stock in the new Rangers company. MSG Sports currently expects to complete the spin-off by the end of October 2026, subject to league approval, a tax opinion from counsel, and Company board approval.
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MSG Entertainment Reports Record Fiscal 2026 Revenue of $1.1 Billion

Madison Square Garden Entertainment reported full-year revenue of $1.1 billion, a 13% increase, and adjusted operating income of $262.2 million, up 18%, driven by growth across all key business areas. Fourth-quarter revenue rose 27% to $196.3 million, helped by a doubling of concerts at the Garden and a $7.4 million increase in shared revenue from Madison Square Garden Sports Corp. agreements during the Knicks' championship run. The Christmas Spectacular set a record with $195 million in revenue and 1.2 million tickets sold across 215 performances, the highest attendance in 25 years. The company repurchased $25 million of Class A common stock in fiscal 2026, bringing total buybacks since its 2023 spin-off to $205 million for 6.1 million shares. Management also announced a nonbinding memorandum of understanding to transfer the Infosys Theater as part of the Penn Station redevelopment project, with the arena expected to remain fully operational during construction.
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The Motley Fool·37dRead more →
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Ariel Investments Names Madison Square Garden Sports a Top Stock to Buy After Knicks' Championship

Ariel Investments has named Madison Square Garden Sports Corp. a top stock to buy, asserting that the company's bid to raise external capital comes at an opportune time after the Knicks' championship. The company is raising capital to fund operations and address tax headwinds. On June 23, Susquehanna reiterated a Positive rating and raised its price target to $430, while earlier on June 2, Guggenheim raised its target to $470 from $422 with a Buy rating, citing expectations of significant revenue from NBA playoff games, including over $9 million in adjusted operating income. A potential spinoff of the Knicks and Rangers, tied to a possible NBA expansion in Las Vegas, could yield between $450 million and $700 million for the Knicks.
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Insider Monkey·76dRead more →
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Madison Square Garden Sports Added to Multiple Russell Growth Indexes

Madison Square Garden Sports has been added to multiple major Russell growth indexes following the latest Russell index reconstitution process. The additions place the company alongside a broad group of firms tracked by growth-focused benchmark products, potentially increasing visibility with growth funds and influencing trading volumes around index-related flows. Madison Square Garden Sports owns and operates professional sports franchises and related assets. While index inclusion alone does not determine returns, it can affect liquidity, ownership mix, and how the stock fits into growth-oriented portfolio construction.
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Simply Wall St·80dRead more →
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Knicks' First Title in 53 Years Puts MSGS and MSGE in Focus for Investors

The New York Knicks have won their first NBA championship since 1973, ending a 53-year drought and raising the question of whether to buy Madison Square Garden Sports or Madison Square Garden Entertainment stock. Madison Square Garden Sports, which owns the Knicks and the NHL's New York Rangers, offers direct exposure to the franchise's value, which Forbes recently ranked as the sixth most valuable professional sports team globally at $9.75 billion. Madison Square Garden Entertainment owns venues including Madison Square Garden, Radio City Music Hall, and the Beacon Theatre, and may see indirect benefits from heightened visibility and event demand. Both stocks have risen around 40% year to date, outperforming the S&P 500's 8% gain, but MSGE trades at a lower valuation of under 3 times forward sales compared to MSGS at roughly 8 times forward sales. Zacks Investment Research rates both stocks a Hold, suggesting much of the championship upside may already be priced in.
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