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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39 Articles
Rogers Closes $3.1 Billion Maple Leafs Sports Stake Acquisition, Keith Pelley to Return as Media Head
The Canadian cable TV and telco giant picked up the remaining 25 percent stake it did not already own to take full control of the company behind the Toronto Maple Leafs and Toronto Raptors pro sports teams.
Rogers completes full takeover of Leafs’, Raptors’ parent company - Regional Media News
By Field Level Media Oct 02 (Field Level Media) - Rogers Communications Inc., already a 75% owner in Maple Leaf Sports & Entertainment, bought the last 25% of the company on Thursday, paying Kilmer Sports Inc. $4.35 billion (Canadian). MLSE owns the NBA's Toronto Raptors, [...]
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Rogers completes full takeover of Leafs’, Raptors’ parent company
By Field Level Media Oct 02 (Field Level Media) - Rogers Communications Inc., already a 75% owner in Maple Leaf Sports & Entertainment, bought the last 25% of the company on Thursday, paying Kilmer Sports Inc. $4.35 billion (Canadian). MLSE owns the ...
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.
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