MSG Rangers Corp. was spun off from MSG Knickerbockers Corp. on October 26, 2026. For the three months ended September 30, 2026, revenue increased 3% to $14,089, while operating loss increased 84% to $23,588.
On October 26, 2026 (the “Distribution Date”), MSG Knickerbockers Corp., formerly Madison Square Garden Sports Corp. (“MSG Knicks”), distributed 100% of the outstanding common stock of MSG Rangers Corp., formerly MSGS Spinco, Inc. (“MSG Rangers” or the “Company”), to its stockholders (the “Rangers Distribution”).Revenues increased $434, or 3%, to $14,089 for the three months ended September 30, 2026 as compared to the prior year period.Operating loss for the three months ended September 30, 2026 increased $10,745, or 84%, to $23,588 as compared to the prior year period primarily due to higher selling, general and administrative expenses and higher direct operating expenses.Open the document at this passage
MSG Rangers Corp. reported fiscal 2027 first-quarter revenue of $14.1 million, up 3%, while operating loss increased $10.7 million to $23.6 million following its October 26, 2026 spin-off from MSG Knickerbockers Corp.
Financial results2 source passages
This marks the first quarter that MSG Rangers is reporting financial results as a standalone company, following its spin-off from MSG Knickerbockers Corp. (NYSE: MSGK) ("MSG Knicks"), which was completed on October 26, 2026.For the fiscal 2027 first quarter, the Company generated revenues of $14.1 million, an increase of $0.4 million, or 3%, as compared to the prior year period. In addition, the Company reported an operating loss of $23.6 million, an increase of $10.7 million, and adjusted operating loss of $21.3 million, an increase of $10.9 million, both as compared to the prior year period.(1)Open the document at this passage
MSG Knickerbockers Corp. distributed MSGS Spinco, Inc. shares on October 26, 2026, including 9,794,568 Class A and 2,264,754 Class B shares; the company changed its name to MSG Rangers Corp., and specified Rangers transfers require National Hockey League consent.
On October 20, 2026, MSGS Spinco, Inc. elected directors effective after MSG Sports’ distribution and filed amended articles authorizing 165,000,000 shares, including 120,000,000 Class A and 30,000,000 Class B shares; it will be renamed MSG Rangers Corp. upon distribution.
MSGS Spinco, Inc.’s New York Rangers spin-off is expected at 11:59 p.m. on October 26, 2026, after its registration statement became effective October 9, 2026. Holders receive one share per two shares, and Class A stock will trade as “MSGR.”
