MSG spin-off expected to be completed in March

Madison Square Garden (MSG) Entertainment says it expects to complete its proposed spin-off its live entertainment and MSG Networks divisions by the end of March.

Structured as a tax-free spin-off to all MSGE shareholders, the move would separate those businesses from the firm’s MSG Sphere and Tao Group Hospitality businesses, creating a separately-traded public company.

MSG filed plans for the spin-off with the US Securities and Exchange Commission in November last year.

Alongside New York City’s 20,000-cap Madison Square…

You've used your free article this month

Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.

Subscribe Create a Free Account

Already have an account? Sign in