Added to YB: 2026-09-02
Pitch date: 2026-08-29
MSGS [neutral]
Madison Square Garden Sports Corp.
-1.92%
current return
Author Info
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Company Info
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. It owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League.
Market Cap
$9.4B
Pitch Price
$389.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
87.51
P/E
1.2K
EV/Sales
8.99
Sector
Entertainment
Category
special_situation
$MSGS: they filed the Rangers spin-off with 114 blanks still in it
MSGS (overview): Madison Square Garden Sports plans to retain the Knicks in a renamed parent while spinning off the loss-making Rangers, but the August 14 filing still contains 114 placeholders and no record date, distribution date or Dolan ownership percentages. The Rangers recorded a $30.5M operating loss on $337.3M of FY2026 revenue, while governance for the spinco is already settled as a controlled company without a majority-independent board. The key trigger is an amended Form 10 establishing the timetable.
Read full article (3 min)