Madison Square Garden Sports Corp. announced the departure of Executive Vice President, Chief Financial Officer and Treasurer Victoria Mink effective after assisting with a possible spin-off, with severance per her employment agreement. The board unanimously approved exploring a tax-free spin-off to separate the New York Knicks and New York Rangers businesses into two public companies.
Key takeaways
Victoria Mink, Executive Vice President, Chief Financial Officer and Treasurer, agreed to leave on February 17, 2026
Ms. Mink to assist with possible spin-off and transition before departure
Company commencing search for CFO successor
Board approved plan to explore spin-off separating Knicks from Rangers businesses
Spin-off, if completed, structured as tax-free with pro-rata distribution of new company stock to Class A and B shareholders
Spin-off subject to league approvals, tax opinion, and board approval; no assurance of completion