New York Knicks Spinoff
In Plain English
Madison Square Garden Sports Corp. is splitting off New York Knicks into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This was recently announced.
New York Knicks will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
Madison Square Garden Sports Corp.
MSGS
Sports & Entertainment
SpinCo / Target
New York Knicks
Announced
Feb 18, 2026
2mo ago
Expected
TBD
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
MSG Sports plans to spin off the New York Knicks as a standalone publicly traded entity.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2026-02-18
COMPLETEDForm 10 Filed
UPCOMINGIRS Tax Ruling
UPCOMINGShareholder Approval
UPCOMINGRecord Date
UPCOMINGDistribution / Completion
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2026-02-18
Form 10 Filed
UPCOMINGRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
UPCOMINGPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
UPCOMINGBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.