“We are exploring the opportunity to further create value for our shareholders by separating our two professional sports franchises into distinct companies,” MSG Sports CEO James Dolan said in a statement. “Both the Knicks and Rangers are premier teams in their respective leagues, with storied histories and large and passionate fan bases. We believe this proposed transaction would provide each company with enhanced strategic flexibility, its own defined business focus, and clear characteristics for investors.”
This article originally appeared on Hoops Hype: “We are exploring the opportunity to further create …