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Rogers offers 1.3 Billion for Leafs/Raptors.


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#1 puffy

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Posted 01 December 2010 - 09:48 AM

TORONTO - A published report suggests Rogers Communications is in talks to buy the Toronto Maple Leafs in a deal worth more than $1 billion.

Citing anonymous sources, the Toronto Star reports the sale would include the NBA's Toronto Raptors, Toronto FC of Major League Soccer and the Marlies, the Maple Leafs' American Hockey League minor hockey team.

The $1.3 billion deal would be the biggest transaction in Canadian sport history and transform Rogers Communications Inc., which already owns the Toronto Blue Jays, into one of the most powerful sports enterprises in North America.

Sources said the deal to buy a majority stake in Maple Leafs Sports and Entertainment from the Ontario Teachers' Pension Plan would include the Leafs and Raptors TV stations, but not MLSE's real estate holdings.

"I know it's real," a top sports industry executive, who requested anonymity, told the newspaper. "I've heard it from Rogers at a high executive level and from MLSE at (the highest) level."

Spokespersons with both Rogers and the Ontario Teachers' Pension Plan declined comment.

“It's our policy to neither confirm or deny,” said Deborah Allan, director of communications and media relations for the Ontario Teachers Pension Plan.

Richard Peddie, MLSE's chief executive officer, referred all questions to Teachers' representatives.

“It's a shareholder matter,” he said. “I have not been involved in any discussions and I have no knowledge of it.”


http://tsn.ca/nhl/story/?id=343627

Edited by puffy, 01 December 2010 - 09:49 AM.


#2 toby91_ca

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Posted 01 December 2010 - 10:05 AM

Heard a bit about this last night and this morning on the radio, pretty interesting if it goes through. They'd own the Jays, Leafs, Raptors and Toronto FC (soccer). A lot of the talk is that it woudl be good for the Leafs (from a fans perspective) in that Rogers would be more vested in putting a winning team on the ice than Teachers. Teachers simply hold it as an investment and whether the team wins or losses, money keeps rolling in.

#3 Nev

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Posted 01 December 2010 - 11:09 AM

People have always held that against the Leafs ownership, but the fact is they;ve always had one of the highest payrolls. They haven't underachieved/sucked because of tight-fistedness. Its because of persisant poor management by numerous different regimes, of which Burke is just the latest incarnation to be afraid to embrace the suck short-term, in order to build through high draft picks in the long term (cf. Chicago + Pittsburgh). The result? They still suck, but not enough to get better,
"If I can be totally honest, it's not a lot of guys you get impressed by. Actually, it's no one else but him. From the bench, to see what move he makes -- you're like, 'I wish I could do that.' Sometimes you sit on the bench and just think, 'wow,' and you look over to the other bench and they sit there and shake their heads, too. He has great, great skills. I'm probably not going to play with another player who has the kind of skills he has." Mikael Samuelsson on Pavel Datsyuk

#4 Stolberg

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Posted 01 December 2010 - 11:32 AM

that's pocket change for me



#5 DMAC 25

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Posted 01 December 2010 - 12:39 PM

hopefully they can get it, the leafs are top 5 in my favorite teams and it sucks seeing them lose all the time. hopefully they can turn the program around a little

#6 BlakKy

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Posted 01 December 2010 - 01:05 PM

that's pocket change for me


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#7 MacK_Attack

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Posted 01 December 2010 - 02:35 PM

It's not even $1.3 billion for the whole organization, just the teacher's 66% share.

#8 F.Michael

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Posted 01 December 2010 - 02:42 PM

hopefully they can get it, the leafs are top 5 in my favorite teams and it sucks seeing them lose all the time. hopefully they can turn the program around a little

Yeah - the Leafs being my distant 2nd favorite team it does hurt a tad seeing them stink for so long...2002 wasn't too long ago; damn near had a Red Wings/Maple Leafs Cup Final; how awesome would that have been?

It's not even $1.3 billion for the whole organization, just the teacher's 66% share.

And people complain about the UAW, and the CAW <_<

'Evolution' created by Offsides

#9 cusimano_brothers

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Posted 02 December 2010 - 07:47 AM

Toronto Star.

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- Harry James Benson, CBE.


#10 cusimano_brothers

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Posted 03 December 2010 - 08:19 PM

From TSN:

The Ontario Teachers Pension Plan is throwing cold water on reports it's looking to sell its share in the company that owns the Toronto Maple Leafs, Toronto Raptors and other sports teams.
...


"Mess up tomorrow, don't mess up now".

- Harry James Benson, CBE.


#11 WpgMikos

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Posted 03 December 2010 - 09:18 PM

I just hope that the money Rogers will be throwing into the Leafs, wouldn't be funds that could be directed towards the Jays. (in that damn AL East, they could use any/all funds available).

The biggest issue from what I've read is this could sound the death nell for CBC's Hockey Night in Canada.

#12 BlakKy

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Posted 03 December 2010 - 09:44 PM

My only fear is losing HNIC.
Even if it lives on under Rogers it just won't have the prestige or history of the traditional CBC broadcast.
Not to mention that the CBC pays me a pittance every week for bumper editing.

#13 truebladearmy

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Posted 04 December 2010 - 10:31 AM

I wish I had an extra Billion to buy a hockey team with. As it is currently, I've got to save money just to buy new skates.





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