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Madison Square Garden Sports is creating two publicly traded companies for the NBA Champion New York Knicks and the NHL Rangers, allowing fans to invest in the teams. The Knicks are valued between $13 billion and $14 billion.
PUBLIC · MSGSAug 21, 2026•about 4 hours ago
Round Type
Venture - Series Unknown
New YorkSports
Description
Madison Square Garden Sports, owner of the Knicks and Rangers, has announced plans to spin off the teams into two distinct publicly traded entities. This move may simplify the process for fans to gain financial stakes in their favorite sports teams. The Knicks, recently crowned NBA champions, are valued between $13 billion to $14 billion, reflecting significant market interest. This initiative comes at a time when sports franchises are increasingly valuable due to rising media rights fees.
Company Information
Company
Madison Square Garden Sports Corp
Location
New York, New York, United States
About
Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY.
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