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2w ago

Rogers Completes $4.7B Deal to Take 75% Control of MLSE

Rogers is pursuing minority share sales alongside an option to buy the rest in 2026 after securing 75% of MLSE

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Scotiabank Arena before a Toronto Maple Leafs game in May. Rogers has closed a deal to become the majority owner of the parent company of sports teams including the Maple Leafs, Toronto Raptors and Toronto Argonauts.
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Overview

  • On July 1, Rogers received CRTC approval, finalizing its CA$4.7 billion purchase of BCE’s 37.5% MLSE stake
  • The acquisition lifts Rogers’s MLSE ownership to 75%, making it majority holder of the Maple Leafs, Raptors, Argonauts and Toronto FC
  • Combined with its 100% stakes in the Blue Jays and Sportsnet, the company’s sports assets are valued at over US$12 billion
  • CEO Tony Staffieri has said Rogers will seek minority-stake sales or private-equity infusions to unlock value for shareholders
  • Rogers expects to exercise its 2026 option to acquire the remaining 25% of MLSE from Larry Tanenbaum’s Kilmer Sports