Saw that Madison Square Garden Sports had a pretty interesting move earlier - their board greenlit exploring a spin-off that would separate the Knicks and Rangers into two different public companies. Stock jumped around 15% on the news, hitting $340 at one point. The idea makes sense from a shareholder perspective since each team operates pretty differently from a business standpoint. Madison Square Garden's been trading in a pretty wide range over the past couple years, so this kind of strategic move could help investors better understand what each business is actually worth on its own. The thinking is that splitting them up gives both the Knicks operation and the Rangers operation more flexibility to pursue their own growth strategies without being tied together. Curious to see if this actually happens or if it stays in the exploration phase.