{"id":817927,"date":"2026-08-18T18:36:16","date_gmt":"2026-08-18T18:36:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/817927\/"},"modified":"2026-08-18T18:36:16","modified_gmt":"2026-08-18T18:36:16","slug":"knicks-rangers-split-seen-as-possible-step-to-going-private","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/817927\/","title":{"rendered":"Knicks, Rangers split seen as possible step to going private"},"content":{"rendered":"<p class=\"c-paragraph sections-finance \">MSG Sports\u2019 <a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2026\/08\/16\/msg-sports-plans-rangers-spinoff-from-knicks-business\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2026\/08\/16\/msg-sports-plans-rangers-spinoff-from-knicks-business\/\">planned separation of the Rangers and Knicks<\/a> is \u201cnot the end of the MSG Sports story,\u201d but rather is the \u201ctransaction that makes the next transaction possible,\u201d according to Ross, Greenfield &amp; Kelley of the LIGHTSHED PARTNERS. Investors have long wanted the Dolan family to \u201ctake action to close the discount between the Knicks and Rangers public and private market valuations.\u201d MSG Sports filed a Form 10 on Friday, moving ahead with the separation of the Knicks and Rangers into separate public companies and giving investors \u201cenough information to stand up separate financial models for the Knicks and Rangers.\u201d The separation makes the value of the individual franchises \u201ceasier to see, but it also makes a financial problem much harder to ignore: both companies are headed toward negative free cash flow.\u201d While the spin will highlight the value of each team, value recognition is \u201conly part of the story.\u201d Each company is also \u201cgoing to need capital and want to escape\u201d the impact of the Section 162(m) tax law. The \u201cmost likely path\u201d is for a minority stake sale \u201cin the near term, followed over a longer period by a go-private of one or both teams.\u201d Both teams \u201ceventually going private is the strategic outcome that best reconciles the financial problem with the Dolan family\u2019s likely desire to maintain control.\u201d It also would be a \u201cboon for current MSGS investors, even as the valuation has continued to climb\u201d (<a href=\"https:\/\/lightshedtmt.com\/2026\/08\/18\/knicks-and-rangers-go-privates-are-the-end-game-for-latest-msg-spin\/\" target=\"_blank\" rel=\"nofollow noopener\">LIGHTSHED PARTNERS, 8\/18<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"MSG Sports\u2019 planned separation of the Rangers and Knicks is \u201cnot the end of the MSG Sports story,\u201d&hellip;\n","protected":false},"author":2,"featured_media":817928,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[402,6755,355,385,99],"class_list":["post-817927","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-basketball","tag-hockey","tag-nba","tag-nhl","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/817927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=817927"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/817927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/817928"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=817927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=817927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=817927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}