Rogers Communications to buy out Bell’s share of MLSE, which owns the Maple Leafs, for $4.7 billion
Rogers, which owns Sportsnet, already owns Major League Baseball's Blue Jays and its Rogers Centre home
by Neil Davidson · National PostTORONTO — Rogers Communications Inc. is buying out Bell’s 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.
Rogers and Bell had held equal shares of MLSE, which owns the NHL Maple Leafs, NBA Raptors, CFL Argonauts, MLS Toronto FC and AHL Marlies.
MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns a 20 per cent stake in MLSE after selling a five per cent share to OMERS, a Canadian pension fund, in the summer of 2023.