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The Boyar Value Group Urges James Dolan to End the ‘Dolan Discount' at MSG Sports by Splitting the Knicks and Rangers into two Separately Publicly Traded Companies.

1. Boyar Value Group urges MSGS to separate Knicks and Rangers into independent companies. 2. They claim MSGS trades at a discount to combined team valuations.

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FAQ

Why Bullish?

Separating teams could unlock shareholder value, historically seen in Sports franchises' spin-offs.

How important is it?

The call for structural change may stimulate market interest in MSGS due to perceived undervaluation.

Why Long Term?

The effects of strategic restructuring may take time to materialize in stock performance.

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NEW YORK--(BUSINESS WIRE)--The Boyar Value Group, a registered investment advisor and independent equity research firm established in 1975, has published an open letter to James Dolan, Executive Chairman of Madison Square Garden Sports Corp. (NYSE: MSGS), urging him to explore separating the New York Knicks and New York Rangers into independently traded public companies. The letter argues that MSG Sports trades at a significant discount to the combined value of its two teams. According to Forbe.

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