Rogers Communications to buy out Bell's share of MLSE (Raptors Owner) for $4.7 billion
Rogers Communications to buy out Bell's share of MLSE for $4.7 billion
https://www.cp24.com/news/rogers-communications-to-buy-out-bell-s-share-of-mlse-for-4-7-billion-1.7042411
Rogers Communications Inc. is buying out Bell's 37.5 per cent share of Maple Leaf Sports & Entertainment for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate.
https://www.hoopsrumors.com/2024/09/rogers-buys-out-bells-stake-in-raptors-parent-company.html
Rogers purchased Bell’s 37.5% stake in the company for $4.7 billion in Canadian dollars, per Sportico, which works out to approximately $3.48 billion USD based on the current exchange rate. That puts the overall valuation of MLSE at around $9.3 billion.
In addition to the Raptors, MLSE controls the NHL’s Toronto Maple Leafs, MLS club Toronto FC, and a handful of smaller sports teams, such as the Toronto Argonauts (Canadian Football League) and Raptors 905 (G League). The company also owns and operates Scotiabank Centre and OVO Athletic Centre, the Raptors’ home arena and practice facility, respectively.