MSG Sports splits the Knicks and Rangers amid valuation discussions

MSG Sports is reportedly separating the New York Knicks and the New York Rangers. This follows analysts noting that MSGS has been valued at a 29% discount compared to the combined worth of the two teams, which is estimated at $13.5 billion. Previous examples include other teams trading below their private transaction values, highlighting a historical trend in sports franchise evaluations. The current enterprise value of MSGS is $9.6 billion based on Sportico's findings. Further developments in this situation are expected as the market responds to the split.

• 5:16 PMYahoo Sports — The reality is that sports teams have historically …