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Deal reached to sell Toronto sports empire

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Deal reached to sell Toronto sports empire


Business | 207104 hits | Dec 09 6:38 am | Posted by: QBall
6 Comment

Ontario Teachers' Pension Plan has reached a preliminary deal to sell its 80 percent stake in the owner of the NHL's Toronto Maple Leafs and the NBA's Raptors to Rogers Communications Inc and BCE Inc for C$1.3 billion, the Globe and Mail reported on Frida

Comments

  1. by avatar QBall
    Fri Dec 09, 2011 7:24 pm
    Better begin sounding the dirge for the CBC. While I'm sure the CRTC won't allow the new owners to shut out the CBC from broadcasting Leafs games completely, I doubt HNIC will ever show another Saturday night Leaf game or any game involving a high profile team vs the Leafs any other night ever again.

  2. by avatar DrCaleb
    Fri Dec 09, 2011 8:43 pm
    You say that like it's a bad thing. ;)

  3. by Thanos
    Fri Dec 09, 2011 9:43 pm
    ^ SZZZZZZZ-nap!

    More Leafs games on TSN? Awesome. Gives me even more reasons not to watch TSN.

  4. by avatar QBall
    Fri Dec 09, 2011 10:17 pm
    "DrCaleb" said
    You say that like it's a bad thing. ;)


    Nah. Anything to further their demise and relieve the tax payer of this burden is a good thing.
    I just wish someone would have purchased these teams who actually has a passion to win. As far as I see Rogers and Bell have a passion to make money, whether the team is successful or not is secondary. I would have preferred a Mark Cuban would have purchased the shares, but then again their aren't too many people in Canada with $1.3 billion sitting around. At least the bright spot is that the people who bought MLSE are Canadian.

  5. by avatar PimpBrewski123
    Sat Dec 10, 2011 12:58 am
    That's interesting that both Bell and Rogers are in on it.

    At least, interesting in the negotiation for the rights to broadcast games.

  6. by avatar QBall
    Sun Dec 11, 2011 2:15 am
    "PimpBrewski123" said
    That's interesting that both Bell and Rogers are in on it.

    At least, interesting in the negotiation for the rights to broadcast games.


    Any deal would have required CRTC approval. I don't believe that the CRTC would have approved if it was just one of them making the purchase. Besides, $1.3 billion is a huge chunk of change for just one of these companies.



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