Rogers Acquires 37.5% Maple Leaf Sports Stake From Bell for $3.5B
Rogers Communications has acquired BCE’s 37.5% stake in Maple Leaf Sports and Entertainment for CA$4.7 billion ($3.48 billion based on current exchange rates). MLSE is the parent company of the NHL’s Toronto Maple Leafs, the NBA’s Toronto Raptors and MLS’ Toronto FC.
Rogers already owned 37.5% of MLSE, and it puts a total valuation on the entity of $9.3 billion. Rogers also owns the Toronto Blue Jays, who are worth $2.27 billion, according to Sportico. Larry Tanenbaum owns the remaining 25% stake in MLSE, which also includes the Canadian Football League’s Toronto Argonauts.
Rogers declined to comment, and BCE did not immediately respond to a request for comment.
In 2012, competing telecom giants Rogers and BCE teamed up to purchase a majority of MLSE from the Ontario Teachers’ Pension Plan for CA$1.32 billion ($1.78 billion).
This story will be updated.
Related
2024 in North Country sports
WATERTOWN, New York (WWNY) - The Hammond girls' basketball team captured their 2nd straight New York State Public High School Athletic Association Class D title
Netflix Could Raise Subscription Prices After Live-Sports Success, UBS Suggests
Following great success in live-sports streaming, Netflix (NFLX, Financials) could raise its subscription rates Monday, said UBS analysts, noting the compan
Report: Mike Vrabel’s consulting agreement with Browns expired on Monday
If the Jets, Saints, or Bears would like to speak with Mike Vrabel about their head coaching vacancy, they can do so now. P
Florida holds steady in year-end USA TODAY Sports Coaches Poll
The top nine programs in the USA TODAY Sports Coaches Poll stayed put in the final vote of 2024. The Florida Gators (13-0) remain the No. 5 team in the country
