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Rogers Becomes Sole Owner of MLSE After Completing Purchase of Remaining 25% Stake
Rogers will fold MLSE, the Blue Jays and Sportsnet into a new sports unit as Keith Pelley adds media duties.
- On Thursday, Rogers Communications Inc. finalized its $4.35 billion purchase of the remaining 25 per cent stake in Maple Leaf Sports & Entertainment from Larry Tanenbaum's Kilmer Sports Inc., securing 100 per cent ownership.
- The deal unites MLSE properties—the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts—with Rogers' existing assets including the Toronto Blue Jays, Rogers Centre, and Sportsnet under a new Rogers Sports business unit.
- Effective immediately, Keith Pelley, President and CEO of MLSE, will lead the new Rogers Sports unit while retaining his MLSE role; Mark Shapiro, President and CEO of the Toronto Blue Jays, remains in his position.
- Rogers estimates the combined sports and media assets are worth more than $25 billion and plans to sell minority stakes to investors by the first half of 2027 to pay down company debt.
- Edward Rogers, Executive Chair of Rogers, stated the teams are 'part of the fabric of our communities,' emphasizing the company's commitment to building championship-caliber teams and enhancing the fan experience.
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Rogers Communications Inc. announced that it has finalized the acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc., a company owned by Larry Tanenbaum.
·Montreal, Canada
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Rogers completes takeover of remaining 25% of MLSE
Rogers Communications Inc. announced Thursday it has completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), acquired the remaining 25 per cent ownership stake in the sports and entertainment company from Kilmer Sports Inc. for $4.35 billion. The deal brings the remaining Toronto sports franchises – the Maple Leafs, Raptors, Toronto FC, Argonauts, and […]
·Toronto, Canada
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Coverage Details
Total News Sources23
Leaning Left9Leaning Right1Center8Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 44%
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