Madison Square Garden Sports facing major restructuring: Will Knicks and Rangers be worth more separately?

Madison Square Garden Sports is a US-based sports holding company headquartered in New York, controlling some of the most renowned professional sports franchises in the world. The portfolio includes the NBA team New York Knicks and the NHL team New York Rangers, complemented by investments in development and minor league teams. The business model fundamentally relies on media rights, ticket sales, sponsorship revenues, and merchandising, with the enormous brand strength and global appeal of the teams serving as significant value drivers. With rising...