Rogers, Bell to buy stake in MLSE

December 9, 2011   Blogs   No comments

Maple Leaf Sports and Entertainment has scheduled a major news announcement for 9:30 on Friday morning.

It’s expected that MLSE will confirm that Canada’s two largest telecommunications companies – Rogers and Bell – have purchased a majority stake in the corporation, which owns the Maple Leafs, Marlies. Raptors and Toronto FC.

The deal is reportedly for an 80% share of MLSE, and is estimated to be worth $1.4 billion.

Update: Larry Tanenbaum’s increases his share in MLSE by five percent to 25%. Rogers and Bell hold an equal share of the remaining 75%.

Links:
Toronto Sun story: Teachers’ selling MLSE stake to Rogers, Bell
National Post story: Rogers, Bell close to MLSE deal
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Rob Del Mundo

Rob is an avid Leafs fan, and Leafs media member working for Stan Fischler Hockey Services. He is also the author of Blue And White Beat, and is a part-owner and a regular columnist at TMLfans.ca.

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