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Rogers to become majority owner of MLSE
Rogers To Become Majority Owner Of MLSE After $4.7B Buyout Of Bell
For over a decade, all of Toronto’s sport teams were owned by two telecommunications companies: Bell and Rogers. But that has changed with today's massive announcement.
Rogers buys out Bell's stake to become the largest owner in Canada's MLSE
Rogers Communications (NYSE:RCI) will buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, the company said on Wednesday. Rogers said financing for the stake purchase will not affect its debt leverage,
Bell sells ownership stake in Maple Leaf Sports & Entertainment; Rogers becomes majority owner
Rogers signed a deal to purchase Bell’s 37.5 percent ownership stake in MLSE, which owns the Maple Leafs and Raptors.
Rogers buys Bell’s MLSE stake for CAN$4.7bn
The Canadian telecommunications giant will become the controlling owner of the multi-team corporation with a 75% stake.
Rogers to buy out Bell’s share of MLSE for $4.7B
Rogers 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 buys out Bell in $4.7-billion takeover of MLSE
Rogers Communications now has a stranglehold on the sports market in the city having bought out Bell’s 37.5% stake in Maple Leaf Sports and Entertainment for $4.7 billion. MLSE owns the Toronto Maple Leafs and the Toronto Raptors, the Toronto Argonauts, Toronto FC and the American Hockey League’s Toronto Marlies.
Rogers Communications buys out Bell’s share of Toronto Raptors ownership
The Toronto Raptors ownership is shifting around, but nothing much will change for the franchise. The Raptors and the NHL's Maple Leafs are owned by Maple Leaf Sports and Entertainment (MLSE). Rogers Communications and Bell (BCE) each own 37.
Rogers Communications ups stake in Raptors, Leafs, Toronto FC
Rogers Communications will become the majority owner of MLSE -- the parent company of franchises including the Toronto Maple Leafs and Raptors -- after agreeing to buy 37.5 percent of the organization.
2d
Legacy, financial opportunity likely motivated Rogers for MLSE takeover: experts
Experts say rising team valuations and the desire to forge a legacy are likely at the heart of what motivated Rogers ...
3d
Rogers wins MLSE with no outside financing
Bell did not require Rogers to prearrange payment for the purchase of its stake in Maple Leaf Sports & Entertainment in a ...
3d
on MSN
What Rogers' Purchase of MLSE Will Mean for Raptors Fans
Despite Rogers' decision to buy out Bell's 37.5% stake in MLSE, the two telecommunication giants have agreed to keep their ...
18h
Opinion | Raptors mailbag: How will the Rogers takeover of MLSE impact Masai Ujiri?
In this week’s mailbag, Doug Smith answers questions about the Rogers-MLSE deal, how the WNBA can keep succeeding, ...
18h
TD Bank’s next CEO, Rogers’ MLSE deal and Canada’s new mortgage rules: Must-read business and investing stories
A 'for sale' sign outside a home in Toronto. Changes planned to Canada's mortgage rules will take effect Dec. 15, and ...
Sports Business Journal
3d
Ed Rogers positioned to have full reign over sports empire after MLSE deal
Ed Rogers will have achieved his desire of total power over MLSE if Rogers' deal to acquire Bell's 37.5% stake is completed.
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