Isiah Thomas returning to Knicks on newly formed board of directors despite his past failures with franchise

The Hall of Fame Pistons point guard who's worked for the Knicks in various post-playing capacities is rejoining the franchise as a member of its newly formed board of directors.

The board is being formed as part of a business split between the Knicks and New York Rangers. The two franchise are currently managed by MSG Sports, which is helmed by CEO and Knicks governor James Dolan.

Per The Athletic, MSG Sports announced on Wednesday that the Knicks and Rangers are being split up into to separate publicly traded companies following approval this week from its own board of directors.