Raptors Parent Company Plans $18.25 Billion Sports Entity After MLSE Buyout
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Raptors Parent Company Plans $18.25 Billion Sports Entity After MLSE Buyout
Rogers Communications, majority owner of the Toronto Raptors through its 75% stake in Maple Leaf Sports & Entertainment, announced plans Wednesday to complete its full acquisition of MLSE and consolidate its sports holdings into a single entity valued at more than $18.25 billion. CEO Tony Staffieri confirmed on the company's first-quarter earnings call that Rogers expects to purchase the remaining 25% MLSE minority interest, held by Larry Tanenbaum's Kilmer Sports Ventures, in the second half...
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