Madison Square Garden executive chairman and CEO James Dolan ceded day-to-day ownership responsibilities of the New York Rangers to his son, Quentin, he announced Friday.

Effective immediately, the younger Dolan, 31, assumes the position of Rangers president, chief operating officer and alternate governor. He still will report to his father, who remains in control of the NBA’s New York Knicks.

“Quentin has made a strong impact on the Rangers and Knicks organizations, and we are pleased that he will step into this elevated position,” James Dolan, 71, said in a statement. “Quentin has quickly become an incredibly valued member of the Rangers franchise and played a key role behind the scenes with the Knicks during their championship run this past season. I look forward to seeing the positive influence he can make in this expanded and critical role.”

Quentin Dolan most recently served as senior vice president, player performance and science leader, an area he will continue to oversee for both the Rangers and Knicks.

“I’m honored to have this opportunity to ensure our hockey operations staff, coaches, and players have all the support they need to provide our fans a product they can be proud of,” Quentin Dolan said in the team-released statement. “I’m looking forward to immediately getting to work with (Rangers general manager) Chris Drury, (coach) Mike Sullivan and the entire staff.”

Drury will report directly to Quentin Dolan.

“Quentin and I have worked together for several years, and I believe him taking on this role will only make the Rangers organization stronger,” Drury said. “The front office and coaching staff will be working in unison with Quentin in all key areas of our team in an effort to put this franchise in the best position possible to compete for a Stanley Cup.”

–Field Level Media