
What the MLSE Deal Could Mean for Toronto Fans as Rogers Expands Its Sports Empire
Published on September 18, 2024
Rogers Communications Inc.’s landmark deal to acquire rival telecom BCE Inc.’s share of Maple Leaf Sports & Entertainment could lead to better—but pricier—fan experiences, says one sports business expert. The $4.7-billion deal announced Wednesday will give Rogers a 75 percent stake in the sports conglomerate that owns the NHL’s Maple Leafs, NBA’s Raptors, CFL’s Argonauts, MLS’ Toronto FC and AHL’s Marlies. The deal is expected to close in mid-2025. Rogers and BCE, the parent company of Bell Canada, each currently have a 37.5 percent stake in MLSE, one-fifth of which is also owned by MLSE chairman Larry Tanenbaum through his holding company Kilmer Sports Inc....
