MLSE does not own the Argos....not that it would make much of a difference in the value of the MLSE either way.
Bell, (that owns TSN, that has exclusive TV rights to the CFL) and Larry T (MLSE Chairman) own the Argos. So no MLSE does not own the Argos but are heavily influenced by them. But all of that does not matter in this discussion because the purchase of the Argos happens after the sale of the MLSE and the Argos are not worth all that much.
Another crazy and not relevant fact: Bell and Larry bought the team from David Bradley who also owned the BC Lions, yes another team in the same league.... CFL Crazy Football League.
Now I will show my self the door....