Rogers Communications is now the bulk proprietor of Maple Leafs Sports activities and Leisure (MLSE). The corporate owns the Toronto Maple Leafs, Toronto Raptors, the American Hockey League’s (AHL) Toronto Marlies, MLS’s Toronto FC and the CFL’s Toronto Argonauts.
The corporate additionally owns and operates Scotiabank Enviornment, the house of the Maple Leafs and Raptors.
In accordance with the CBC, the deal is value C$4.7 billion. The deal is anticipated to shut in mid-2025. The deal is topic to regulatory approvals.
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“MLSE is among the most prestigious sports activities and leisure organizations on the planet and we’re proud to broaden our possession of those coveted sports activities groups,” Rogers CEO and president Tony Staffieri stated in an announcement.
As a part of the deal, which is topic to league approval, Bell will purchase the rights from Rogers to air Maple Leafs and Raptors video games on TSN for the following 20 years. Bell additionally stays the official telecom sponsor of the Raptors and can proceed sponsorships of the Argonauts and Toronto FC.
TSN may even proceed to broadcast Argonauts and Toronto FC video games by impartial agreements with the respective leagues.
Rogers is on the cusp of being on the helm of almost each Toronto sports activities group. They already personal the Toronto Blue Jays, their stadium, Rogers Centre, and SportsNet.
Bell has a 37.5% share in MLSE, so the sale places the worth of the corporate at round C$12.53 billion, based on BNN Bloomberg. As soon as the deal closes, Rogers will personal 75% of the corporate.
The 2 firms initially went in collectively on a purchase order of MLSE in 2012. This sale is anticipated to streamline the decision-making course of for the corporate.
