MacK_Attack 108 Report post Posted March 12, 2011 According to La Presse, the Ontario Teachers Pension Fund has put it's 66% share of Maple Leafs Sports & Entertainment up for sale. The asking price? $1.3 billion. Share this post Link to post Share on other sites
Drake_Marcus 890 Report post Posted March 13, 2011 s***. I can only cover 1 billion of that. Can someone spot me 300 mil? 2 Doc Holliday and GrindupaLine reacted to this Share this post Link to post Share on other sites
McAwesome 754 Report post Posted March 13, 2011 1.3 billion posts to buy the Leafs? OK, 3 down, 1,299,999,997 to go Share this post Link to post Share on other sites
shoe 165 Report post Posted March 13, 2011 Jim Balsillie can buy it! Finally get his hockey team in the Toronto area, not have to move any teams anywhere, and since Air Canada has problems with the NHL these days they can change the name of the Air Canada Center to the RIM Center. Share this post Link to post Share on other sites
haroldsnepsts 4,826 Report post Posted March 13, 2011 s***. I can only cover 1 billion of that. Can someone spot me 300 mil? Let me see what I've got on me. *checking my wallet.* Wait, does that share of the Leafs include waffles? 3 Zeowingsfan, Drake_Marcus and aflac9262 reacted to this Share this post Link to post Share on other sites
ComradeWasabi 109 Report post Posted March 13, 2011 Jim Balsillie can buy it! Finally get his hockey team in the Toronto area, not have to move any teams anywhere, and since Air Canada has problems with the NHL these days they can change the name of the Air Canada Center to the RIM Center. Actually not a bad idea... Share this post Link to post Share on other sites
MacK_Attack 108 Report post Posted March 13, 2011 (edited) Keep in mind: This is the sale of shares of the company that owns the Leafs, not the Leafs itself. Therefore, NHL approval is not needed. Minority owner Larry Tannenbaum legally has the first crack at the shares, or any portion of them. Edited March 13, 2011 by MacK_Attack Share this post Link to post Share on other sites
BigWillieStyle 662 Report post Posted March 13, 2011 Jim Balsillie can buy it! Finally get his hockey team in the Toronto area, not have to move any teams anywhere, and since Air Canada has problems with the NHL these days they can change the name of the Air Canada Center to the RIM Center. Problem is, Balsillie wants to buy an American team at firesale prices ( $100-200 million ), rent a moving truck and move it to the GTA, where it will instantly be worth $1 billion or more. Not a bad haul for a days work. I really doubt that he has any interest in paying retail price for MLSE. But if he does, more power to him. The Leafs could really benefit from having an owner that actually gives a damn about the product on the ice. Share this post Link to post Share on other sites
SweWings 45 Report post Posted March 13, 2011 Why would they want to sell? The on-ice product isn't successful but that shouldn't really matter from a business stand-point... Share this post Link to post Share on other sites
toby91_ca 620 Report post Posted March 13, 2011 Why would they want to sell? Because it is an investment company. They are in the business of making investments and then selling them for more than the initial investment. They need to seel at some point in time to monetize their investment. 2 Drake_Marcus and GrindupaLine reacted to this Share this post Link to post Share on other sites
MacK_Attack 108 Report post Posted March 14, 2011 Why would they want to sell? The on-ice product isn't successful but that shouldn't really matter from a business stand-point... They got in for $50 million and they're getting out for over $1 billion. I'd say they've maximized the investment. 2 Rick D and Drake_Marcus reacted to this Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted April 14, 2011 Toronto Star . Share this post Link to post Share on other sites
eva unit zero 271 Report post Posted April 14, 2011 They got in for $50 million and they're getting out for over $1 billion. I'd say they've maximized the investment. Making a profit of 2500%? Terrible investment. Susie did better with her lemonade stand. Share this post Link to post Share on other sites
NeverForgetMac25 483 Report post Posted April 14, 2011 Toronto Star . That's awesome! I'd definitely drop $1,000 to own a share/portion-of-a-share of the Red Wings. Share this post Link to post Share on other sites
eva unit zero 271 Report post Posted April 14, 2011 That's awesome! I'd definitely drop $1,000 to own a share/portion-of-a-share of the Red Wings. Awesome venture. However, the Toronto Star is not awesome. The fifth and sixth sentences: While Thompson wouldn’t say who the stakeholders were, he said he also met with banks, law firms, and public relations companies Wednesday, and now has a firm idea of the scope of the business plan he must fulfill to legitimize his dream. “If you told me four weeks ago (when he hatched the website “owntheleafs.com”) we’d get into the offices we have now, I’d of said you were nuts,” said Thompson. We have here a comma splice, a parenthetical statement enclosed within a quote, and the word "of" in place of the word "have". It's pathetic, and I hope they go out and hire a copy editor. 1 Rick D reacted to this Share this post Link to post Share on other sites
CrimsonFlame 424 Report post Posted April 14, 2011 (edited) Let's all pitch in together and buy them! I'll throw in 20 bucks Edited April 14, 2011 by CrimsonFlame Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted May 10, 2011 In an interesting turn...from TSN: The Ontario Teachers' Pension Plan says its in advanced talks with TD Capital Group to buy its stake in the company that controls the Toronto Maple Leafs.... ... Teachers' stake could increase to between 76.35 per cent and 79.53 per cent, subject to the MLSE shareholders' agreement. Pre-sale preparations or are they planning to hold on to what they've got? Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted July 7, 2011 Sportsnet. Share this post Link to post Share on other sites
13dangledangle 965 Report post Posted July 7, 2011 Because it is an investment company. They are in the business of making investments and then selling them for more than the initial investment. They need to seel at some point in time to monetize their investment. Maybe they should have waited until they inked Stamkos 1 lil Wing's fan reacted to this Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted November 16, 2011 Toronto Star. Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted November 19, 2011 1 13dangledangle reacted to this Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted November 25, 2011 From TSN: The Ontario Teachers' Pension Plan has decided to keep its stake in the company that owns the Toronto Maple Leafs hockey team after an eight-month review.... Share this post Link to post Share on other sites
cusimano_brothers 1,655 Report post Posted December 9, 2011 From Toronto Star: Two telecommunications giants will soon control the Toronto Maple Leafs, the biggest prize in Canadian sport. The Ontario Teachers’ Pension Plan will announce Friday that it has reached a draft agreement to sell its 79.53 per cent stake in Maple Leaf Sports and Entertainment, owners of the iconic Leafs, to Rogers Communications and BCE for more than $1.2 billion. ... Share this post Link to post Share on other sites
Esquire 324 Report post Posted December 9, 2011 Soooooo. The two biggest telecommunications giants in Canada combine to purchase the broadcast rights to the biggest franchise in Canada/NHL. I wonder how the CBC feel about this? You're move CRTC. Share this post Link to post Share on other sites
mmamolo 287 Report post Posted December 9, 2011 Soooooo. The two biggest telecommunications giants in Canada combine to purchase the broadcast rights to the biggest franchise in Canada/NHL. I wonder how the CBC feel about this? You're move CRTC. No kidding. It'll be interesting to see how the broacast rights and access to the team are split/shared between TSN and Sportsnet as they are obviously each owned by the joining forces of Bell and Rogers, respectively. Share this post Link to post Share on other sites
