Rogers to become majority owner of MLSE
Rogers To Become Majority Owner Of MLSE After $4.7B Buyout Of Bell
For over a decade, all of Toronto’s sport teams were owned by two telecommunications companies: Bell and Rogers. But that has changed with today's massive announcement.
Rogers buys out Bell's stake to become the largest owner in Canada's MLSE
Rogers Communications (NYSE:RCI) will buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, the company said on Wednesday. Rogers said financing for the stake purchase will not affect its debt leverage,
Bell sells ownership stake in Maple Leaf Sports & Entertainment; Rogers becomes majority owner
Rogers signed a deal to purchase Bell’s 37.5 percent ownership stake in MLSE, which owns the Maple Leafs and Raptors.
Rogers buys Bell’s MLSE stake for CAN$4.7bn
The Canadian telecommunications giant will become the controlling owner of the multi-team corporation with a 75% stake.
Rogers becomes largest owner of MLSE, buys Bell's 37.5% share for C$4.7B
Rogers Communications this morning announced it has signed an agreement to buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment for C$4.7B.
Rogers to buy out Bell’s share of MLSE for $4.7B
Rogers 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.
Rogers Communications buys out Bell’s share of Toronto Raptors ownership
The Toronto Raptors ownership is shifting around, but nothing much will change for the franchise. The Raptors and the NHL's Maple Leafs are owned by Maple Leaf Sports and Entertainment (MLSE). Rogers Communications and Bell (BCE) each own 37.
Rogers Communications ups stake in Raptors, Leafs, Toronto FC
Rogers Communications will become the majority owner of MLSE -- the parent company of franchises including the Toronto Maple Leafs and Raptors -- after agreeing to buy 37.5 percent of the organization.
The Globe and Mail2d
Rogers shoots, Rogers scores: How the MLSE deal happened
The sheet opened with a series of bullet points: Rogers’s RCI-B-T terms for the purchase of Bell’s BCE-T 37.5-per-cent ...
What Rogers' Purchase of MLSE Will Mean for Raptors Fans
Despite Rogers' decision to buy out Bell's 37.5% stake in MLSE, the two telecommunication giants have agreed to keep their ...
Legacy, financial opportunity likely motivated Rogers for MLSE takeover: experts
Experts say rising team valuations and the desire to forge a legacy are likely at the heart of what motivated Rogers ...
Rogers wins over MLSE with no outside financing
Bell did not require Rogers to prearrange payment for the purchase of its stake in Maple Leaf Sports & Entertainment in a ...
Sports Business Journal2d
Ed Rogers positioned to have full reign over sports empire after MLSE deal
Ed Rogers will have achieved his desire of total power over MLSE if Rogers' deal to acquire Bell's 37.5% stake is completed.
‘A monopoly on Toronto sports’: MLSE deal gives Edward Rogers full control of city’s major sports teams
If its $4.7-billion deal to snap up Bell Canada’s 37.5 per cent stake in MLSE is completed, Rogers will control 75 per cent ...