Entertainment · 2 views
Rogers Closes $3.1 Billion Maple Leafs Sports Stake Acquisition, Keith Pelley to Return as Media Head
Cable TV and telecom giant Rogers Communications has picked up the remaining 25 percent stake in Maple Leaf Sports & Entertainment it did not already own to become the sole owner of the company behind the Toronto Maple Leafs and Toronto…
Summary
Cable TV and telecom giant Rogers Communications has picked up the remaining 25 percent stake in Maple Leaf Sports & Entertainment it did not already own to become the sole owner of the company behind the Toronto Maple Leafs and Toronto Raptors pro sports teams. Rogers took its ownership stake in MLSE to 100 percent after paying CAN$4.35 billion (US$3.1 billion) to Kilmer Sports for its minority stake. Rogers in 2024 picked up a 37.5 percent ownership stake in MLSE for CAN$4.7 billion.
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