Overview
- The NHL, NBA, CFL, MLS and AHL have cleared Rogers’s $4.7 billion purchase, which will lift its ownership in Maple Leaf Sports & Entertainment to 75 percent.
- The transaction values MLSE at $12.5 billion, marking the highest valuation for a Canadian sports franchise.
- Final approval from the Canadian Radio-television and Telecommunications Commission is still required before the deal can close.
- Rogers expects to complete the acquisition by mid-2025 and holds an option to buy the remaining 25 percent from MLSE chairman Larry Tanenbaum in 2026.
- CFO Glenn Brandt said institutional investors are showing strong interest in Rogers’s wider sports assets as the company seeks to unlock additional value.