Bell sells stake in MLSE

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Bell sells stake in MLSE
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Bell Canada Enterprises has reached a deal to sell its 37.5 per cent stake in Maple Leafs Sports and Entertainment to Rogers for $4.7 billion.

, Toronto FC, Toronto Argonauts and their minor-league affiliations. Bell and Rogers came to together in 2012 to purchase the majority stake of the MLSE from the Ontario Teachers’ Pension Plan.on TSN for the next 20 years through a long-term agreement with Rogers, also subject to league approvals. The transaction is expected to close in mid-2025.

TSN will continue to broadcast Toronto Argonauts and Toronto FC games through independent agreements with the respective leagues. "We are proud of our time as co-owners of these iconic sports teams, and through this agreement have ensured that fans can count on Bell's continued support of their teams," Mirko Bibic, president and CEO of BCE Inc. and Bell Canada said. "Today's announcement demonstrates that we are focused on creating the financial flexibility to support our ongoing transformation and core growth drivers.

"This agreement confirms TSN's position as Canada's Sports Leader with long-term access to content rights to some of Canada's most beloved sports teams," Sean Cohan, president of Bell Media said. "At the heart of this deal are passionate fans, which TSN will continue to serve across all of our platforms with the premium coverage that audiences expect from Canada's Sports Leader.

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