Rogers’ MLSE play the latest shift for Canadian sports landscape, experts say
TORONTO — Sports business experts say Rogers Communications Inc.’s full takeover of Maple Leaf Sports & Entertainment is the latest sign of a shift in Canada’s professional sports landscape.
The telecommunications giant announced Monday it will acquire the remaining 25 per cent stake in MLSE it didn’t yet own for $4.35 billion, spelling the end for longtime part-owner Larry Tanenbaum through his holding company, Kilmer Sports Inc.
MLSE owns the NHL’s Maple Leafs, NBA’s Raptors, MLS’ Toronto FC and the CFL’s Argonauts. Last year, Rogers closed a separate $4.7-billion deal with rival BCE Inc. to buy its 37.5 per cent stake in MLSE, making it the majority owner.
Rogers and Bell previously owned equal stakes in the sports conglomerate, while the remaining quarter was owned by Kilmer. Rogers held an option allowing it to buy out that remaining 25 per cent stake this year.


