Rogers Communications says it has completed its acquisition of the remaining 25% ownership stake in Maple Leaf Sports & Entertainment (MLSE), bringing Rogers’s ownership to 100%. The company confirms the deal is now fully closed, making Rogers a full owner of the sports and entertainment operator.
The outlets describe the transaction as Rogers buying the stake from Kilmer Sports Inc., an entity associated with Larry Tanenbaum. CityNews Toronto reports the purchase price is $4.35 billion. The outlets collectively note that MLSE controls major Toronto franchises, including the Maple Leafs and Raptors, as well as Toronto FC and the Argonauts.
While the core terms of the completion are consistent across sources, they vary in emphasis. Financial Post focuses on Rogers’s stated plans following the acquisition, including investing to build championship-calibre teams and delivering “world-class” fan and customer experiences. Global News and CityNews Toronto concentrate more on the deal completion and the seller’s identity and stake details, rather than on future operational plans.
