TORONTO — Rogers has inched closer to having complete reign over the Toronto sports landscape, buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion.
TORONTO — Rogers has inched closer to having complete reign over the Toronto sports landscape, buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion.
The deal is subject to league and regulatory approvals, with Rogers saying that it provides Bell with the opportunity to"renew its existing MLSE broadcast and sponsorship rights long-term at fair market value." The Maple Leafs are valued at an NHL-high US$2.8 billion and the Raptors at US$4.1 billion, good for 10th in the NBA, according to Forbes. Meanwhile, Toronto FC is valued at US$725 million.The communications giant owns broadcast network Sportsnet as well as Major League Baseball's Blue Jays and its Rogers Centre home. It also has “strategic partnerships” with the NHL's Vancouver Canucks, Edmonton Oilers and Calgary Flames.
TSN will also continue to broadcast Argonauts and Toronto FC games through independent agreements with the CFL and MLS.MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns a 25 per cent stake in MLSE. OMERS, a Canadian pension fund, purchased a five per cent indirect stake in MLSE in the summer of 2023 through a 20 per cent direct stake in Kilmer Sports for US$400 million.
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Five things to know about Rogers deal to buy Bell's MLSE stakeTORONTO — Rogers has inched closer to having complete reign over the Toronto sports landscape, buying out Bell's 37.5 per cent share of Maple Leaf Sports...
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Five things to know about Rogers deal to buy Bell's MLSE stakeTORONTO — Rogers has inched closer to having complete reign over the Toronto sports landscape, buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion.
Read more »
Five things to know about Rogers deal to buy Bell's MLSE stakeTORONTO — Rogers has inched closer to having complete reign over the Toronto sports landscape, buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion.
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