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Madison Square Garden may spin off sports business

June 27, 2018

The Madison Square Garden Company is moving to split up its sports and entertainment businesses.

Madison Square Garden, or MSG, on Wednesday said its board of directors gave the green light to explore a possible spin off that would create a separately-traded public entity comprised of its sports businesses, including the New York Knicks and the New York Rangers.

“We are exploring the opportunity to further create value by separating our businesses into two distinct companies,” James Dolan, MSG’s chairman and CEO, said in a statement.

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