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[ Mon, Dec 16th 2024 ]: Reuters
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Georgia set to host Alabama transfer QB Dylan Lonergan

Rogers cleared to become MLSE's majority owner

Larry Tanenbaum has sold his 25% stake in Maple Leaf Sports & Entertainment (MLSE) to Rogers Communications, making Rogers the majority owner of MLSE, which includes teams like the Toronto Maple Leafs, Raptors, and Toronto FC. The deal, valued at $400 million, was approved by the NHL, NBA, and MLS, with the condition that Tanenbaum retains his position as MLSE's chairman. This transaction increases Rogers' ownership from 37.5% to 50%, while BCE Inc. (Bell) holds the remaining 37.5%. The agreement also includes a clause preventing Tanenbaum from selling his shares to any other party for 10 years, ensuring stability in MLSE's ownership structure.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/sports/general/rogers-cleared-to-become-mlse-s-majority-owner/ar-AA1vW1FO ]