Close Menu
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Facebook X (Twitter) Instagram
LATEST:
  • Shah Alam Sports Complex set for major redevelopment
  • Council ends negotiations over Salford Community Stadium sale
  • EV Zug, St. Gallen agree naming rights deals
  • United Center to introduce Banner Level, Monaco extends with Roche Bobois
  • Roig Arena lands CaixaBank as third founding partner
  • Air taxis to connect venues at LA28
YouTube LinkedIn Flickr
Register for #SBS25
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Subscribe
The Stadium BusinessThe Stadium Business
Home»Finance»Rogers to control MLSE through C$4.7bn deal

Rogers to control MLSE through C$4.7bn deal

Rogers Communications is set to become the majority owner of Maple Leaf Sports & Entertainment after signing an agreement to acquire the 37.5% ownership stake held by rival telecommunications company Bell Media for C$4.7bn.
Rob RidleyBy Rob Ridley18th September 20242 Mins Read Finance 184 Views
Featured image credit: Scotiabank Arena
Share
Facebook LinkedIn Twitter Email WhatsApp Copy Link

Rogers Communications is set to become the majority owner of Maple Leaf Sports & Entertainment (MLSE) after signing an agreement to acquire the 37.5% ownership stake held by rival telecommunications company Bell Media for C$4.7bn (£2.61bn/€3.11bn/$3.46bn).

Through the deal announced today (Wednesday), Rogers will be the largest owner of MLSE with a controlling interest of 75%. The other 25% stake is held by MLSE chairman, Larry Tanenbaum.

MLSE, one of the world’s leading sports and entertainment companies, owns the likes of the NHL’s Toronto Maple Leafs, NBA’s Toronto Raptors (NBA) and Major League Soccer’s Toronto FC. MLSE also owns and operates Scotiabank Arena, home to the Maple Leafs and Raptors, and has a partnership with Live Nation.

MLSE has also invested in and operates five of Toronto’s sports facilities, including BMO Field, home of Toronto FC, and Coca-Cola Coliseum.

With Rogers also owning MLB’s Toronto Blue Jays and its Rogers Centre stadium, today’s announcement is set to give it significant influence in sport and entertainment in the Canadian city. The company also has strategic partnerships with other Canadian NHL teams the Vancouver Canucks, Edmonton Oilers, and Calgary Flames, as well as the league itself.

“MLSE is one of the most prestigious sports and entertainment organisations in the world and we’re proud to expand our ownership of these coveted sports teams,” said Tony Staffieri, president and CEO of Rogers. “As Canada’s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy.

“MLSE continues to appreciate significantly, and together with our sports and media assets, we plan to surface more value for shareholders long-term. This agreement also ensures long-term Canadian ownership and investment of these iconic teams.”

The transaction is subject to league and regulatory approvals. In May, MLSE commenced work on the second phase of a major renovation project at Scotiabank Arena. Details of the C$350m facelift were announced in October last year, with the project to result in upgrades to concourses, suites, premium clubs, retail spaces, and food and beverage offerings.

Earlier this month, Toronto’s Professional Women’s Hockey League (PWHL) team announced that Coca-Cola Coliseum will serve as its primary home venue during the 2024-25 season.

Rogers is also undertaking a major, multi-phase redevelopment of Rogers Centre, with the Blue Jays this month announcing plans for a new field-side corner club at the stadium.

Bell Media Maple Leaf Sports and Entertainment Rogers Communications Scotiabank Arena Toronto FC Toronto Maple Leafs Toronto Raptors
Follow on Google News Follow on RSS
Share. Facebook Twitter LinkedIn Email WhatsApp Copy Link
Previous ArticleWNBA heading back to Portland
Next Article Costs increase as planning application entered for Macquarie Point stadium
Rob Ridley

Related Posts

EMEA

Council ends negotiations over Salford Community Stadium sale

16th May 2025
EMEA

Redwood completes acquisition of Reading, SCL Stadium

15th May 2025
Design & Development

Missouri counters Kansas’ play for Chiefs, Royals

14th May 2025186 Views

Get this News delivered to your inbox

Top Posts

Shah Alam Sports Complex set for major redevelopment

16th May 20254 Mins Read

Council ends negotiations over Salford Community Stadium sale

16th May 20254 Mins Read
YouTube LinkedIn Flickr
  • Home
  • About Us
  • Privacy Policy
  • Job Listings
  • Contact Us
Copyright © 2025 Xperiology. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

X We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Settings to provide a controlled consent.
Read More Settings ACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
__lc_cid2 yearsThis is an essential cookie for the website live chat box to function properly.
__lc_cst2 yearsThis cookie is used for the website live chat box to function properly.
__oauth_redirect_detectorpastThis cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
last_pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
last_pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_first_visit7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_session_limit1 hourAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_start_sessionsessionAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
Save & Accept