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How a Possible Rangers Spin Off and Knicks Data Breach Could Impact Madison Square Garden Sports (MSGS) Investors
Recently, commentator Jim Cramer pointed to Madison Square Garden Sports’ ownership of the New York Knicks and Rangers as being worth more than the company’s current market value, while the firm also reportedly suffered a major data breach affecting over 26 million corporate and customer records linked to the Knicks.
Together, the “sum-of-the-parts” discussion and the potential spin-off of the Rangers franchise highlight how corporate structure and asset separation could become as important...