Madison Square Garden Sports Corp is targeting a separation of the Rangers business from the Knicks business, which would turn MSG Sports into a Knicks-focused entity plus a separate Rangers business. Randall expects this to extract value and make the distinct worth of the Knicks and Rangers clearer, and even though James Dolan says he has no plans to sell either team, a minority stake could command around $2 billion for 15-20% once the separate values are visible.