Massive chunk of Toronto Maple Leafs sold in $4.7 billion dollar deal: the hockey world has changed

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TJ Tucker
September 18, 2024  (9:05)

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Photo credit: Markerzone

A record-breaking $4.7 billion deal sees Rogers acquire the majority ownership of the NHL's Toronto Maple Leafs, as well as the NBA's Toronto Raptors

The landscape of the NHL has changed following a massive deal that sees a new company in control of one of the league's most storied franchises. Rogers has acquired a 37.5 percent stake in Maple Leafs Sports and Entertainment (MLSE) from Bell Canada, making Rogers the majority owner of the Toronto Maple Leafs and the NBA's Toronto Raptors.

Rogers and Bell teamed up in 2012 to purchase the majority of MLSE from the Ontario Teachers' Pension Plan for $1.32 billion. This new deal takes Bell out of the equation all together.

It remains to be seen what, if any, changes Rogers intends to make to either the Toronto Maple Leafs or the Toronto raptors. One this is certain, the deal makes Rogers a massive powerhouse in Canadian sports, and the sports world in general.

Rogers doesn't necessarily have a good track record with customers in the telecom industry. However, this new deal puts the company in a very powerful position. Both Rogers and Bell have declined to comment on the deal.

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Previously

700-game beloved undersized NHLer retires after storied career

Rod Brind'Amour's son signs a deal with the Carolina Hurricanes

Philadelphia Flyers GM Danny Brière makes shocking comments on Matvei Michkov: his expectations are low

POLL
SEPTEMBRE 18   |   300 ANSWERS Massive chunk of Toronto Maple Leafs sold in $4.7 billion dollar deal: the hockey world has changed Do you think Rogers will do a good job running the Toronto Maple Leafs?
Yes	60	20 %
No	168	56 %
Not sure	72	24 %
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