Madison Square Garden weighs separating New York Knicks, Rangers into 2 companies

James Dolan’s Madison Square Garden Sports announced Wednesday that it is considering splitting the New York Knicks and Rangers into two separately traded public companies.Its board of directors has approved a plan to look into spinning off its hockey and basketball teams into separate firms – sparking rumors over whether the company is planning to sell off one of the two teams or take the new companies private.“We are exploring the opportunity to further create value for our shareholders by separating our ...