The New York Knicks continued their torrid run through the playoffs Monday night with a 130-93 demolition of the Cleveland Cavaliers in Game 4 of the Eastern Conference Finals. It wrapped up a 4-0 sweep and punched the team’s ticket to the NBA Finals for the first time since 1999.
While the Knicks stayed hot on the court, the club is amid a plan to unlock its full potential off the court by splitting the Knicks and New York Rangers into separate publicly traded companies—both are currently part of Madison Square Garden Sports.
Here is a look at the who, what, when and why behind this potential transaction, which is still subject to league approvals and other conditions.
What is MSG Sports doing with the Knicks and the Rangers?
In February, the MSGS board approved a plan to explore a split. “We believe this proposed transaction would provide each company with enhanced strategic flexibility, its own defined business focus and clear characteristics for investors,” MSGS CEO James Dolan said when announcing the news.
