MLSE Sold to Rogers and Bell Communications

Written by PuckMe    Last Updated ( Friday, 09 December 2011 11:04 ) PDF Print E-mail

BCE Inc. and Rogers Communications announced Friday that the two companies have partnered together to acquire a majority share of Maple Leaf Sports and Entertainment for $1.32 billion.

The two companies will each pay the current owner - the Ontario Teachers' Pension Plan - about $533 million for a 37.5 percent share and 75 percent combined.

"We will continue to cheer for the teams and look forward to celebrating their success, but after the summer, from the sidelines," Jane Rowe, senior vice-president of Teachers' Private Capital said at a news conference.

"MLSE teams are among the most popular major-league franchises in North America, iconic sports brands watched and loved by millions of fans across our nation,"  said George Cope, President and CEO of Bell Canada and BCE in a statement.

Tags: The Teachers Pension Fund sells Toronto Maple Leafs to Bell and Rogers
NHL Trade Rumor Created on Friday, 09 December 2011 08:46
 

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