{"id":362035,"date":"2026-07-06T20:16:04","date_gmt":"2026-07-06T14:46:04","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=362035"},"modified":"2026-07-06T20:16:05","modified_gmt":"2026-07-06T14:46:05","slug":"rogers-buying-remaining-stake-in-mlse","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/07\/06\/rogers-buying-remaining-stake-in-mlse\/","title":{"rendered":"Rogers buying remaining stake in MLSE"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>TORONTO \u2013 Rogers Communications Inc. says it has signed a deal to purchase the remaining 25 per cent stake in Maple Leaf Sports &#038; Entertainment it doesn&#8217;t already own from Kilmer Sports Inc. for $4.35 billion.<\/p>\n<p>Rogers chief executive Tony Staffieri called it a defining moment for the corporate.<\/p>\n<p>\u201cOur full ownership of MLSE brings together Canada\u2019s premier communications company with Canada\u2019s premier sports and entertainment organization,\u201d Staffieri said in an announcement.<\/p>\n<p>\u201cIt gives us much more opportunity to speculate in championship-calibre teams, create unique experiences for purchasers and fans, and unlock long-term value for shareholders.\u201d<\/p>\n<p>MLSE owns the Toronto Maple Leafs hockey team, Toronto Raptors basketball team, Toronto FC soccer team and the Toronto Argonauts football team.<\/p>\n<p>Last 12 months, Rogers closed a separate $4.7-billion cope with rival BCE Inc. to purchase its 37.5 per cent stake in MLSE.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<div class=\"l-article__part\" data-shortcode=\"related_videos\">\n<div class=\"l-inlineStories l-inlineStories--video\">\n<p>\n\t\t\t\t\t\t<span class=\"l-inlineStories__title\">Related Videos<\/span>\n\t\t\t\t\t<\/p>\n<section id=\"miniplayer-carousel\" class=\"l-videoCarousel l-videoCarousel--embed c-carousel\" data-video-carousel-play-inline=\"true\" data-video-carousel-init=\"false\" aria-label=\"Video carousel contains 10 videos.\">\n<div class=\"l-videoCarousel__inner\">\n<div class=\"l-videoCarousel__featured\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"true\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer\" data-displayinline-video-id=\"11949397\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/playlist\/11949397,11825789,11811263,11806034,11736470,11520120,11519608,11499192,11272226,11267415\/?poster=https%3A%2F%2Fi1.wp.com%2Fmedia.globalnews.ca%2Fvideostatic%2Fnews%2Fhp7wwf3hw9-v9j3h2gbay%2FLexy-Kawhi-Web_thumbnail_1280x720_.jpg%3Fw%3D1200%26quality%3D70%26strip%3Dall#autoplay&#038;stickyiframe=miniplayer\" data-displayinline-playlist=\"11949397,11825789,11811263,11806034,11736470,11520120,11519608,11499192,11272226,11267415\" data-displayinline-sticky=\"true\" data-permutive-data='{\"content\":{\"name\":\"Kawhi Leonard could be returning to Toronto Raptors: reports\",\"type\":\"video\",\"sections\":[\"videos\",\"toronto\",\"sports\"],\"keywords\":[\"brandon-ingram\",\"gradey-dick\",\"kawhi-leonard\",\"la-clippers\",\"nba\",\"nba-championships-2019\",\"short-clip\",\"toronto-raptors\",\"trade\"],\"iab\":{\"categories\":[\"News\"],\"tags\":[\"Larry Tanenbaum\",\"Maple leaf\",\"Maple Leaf Sports &#038; Entertainment\",\"Rogers Communications\",\"Toronto\"]}}}'>\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img decoding=\"async\" class=\"c-video__image\" alt=\"Click to play video: 'Kawhi Leonard could be returning to Toronto Raptors: reports'\" width=\"640\" height=\"360\" src=\"https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/hp7wwf3hw9-v9j3h2gbay\/Lexy-Kawhi-Web_thumbnail_1280x720_.jpg?w=1040&#038;quality=70&#038;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">2:17<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">Kawhi Leonard could possibly be returning to Toronto Raptors: reports<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"l-videoCarousel__glide glide \">\n<div class=\"glide__arrows c-carousel__buttons l-videoCarousel__buttons\" data-glide-el=\"controls\">\n\t<button class=\"glide__arrow glide__arrow--left c-carousel__button c-carousel__prev l-videoCarousel__button l-videoCarousel__prev c-longform-gallery__prev\" data-glide-dir=\"<\"><\/p>\n<p>\t\t<span class=\"sr-only\">Previous Video<\/span><br \/>\n\t<\/button><br \/>\n\t<button class=\"glide__arrow glide__arrow--right c-carousel__button c-carousel__next l-videoCarousel__button l-videoCarousel__next c-longform-gallery__next\" data-glide-dir=\">&#8220;><\/p>\n<p>\t\t<span class=\"sr-only\">Next Video<\/span><br \/>\n\t<\/button><br \/>\n\t\t<button class=\"c-carousel__goto\" data-glide-dir=\"=0\" aria-hidden=\"true\" tabindex=\"-1\"><\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t\t<!-- video stream item --><\/p>\n<\/section><\/div>\n<\/p><\/div>\n<p>The 2 corporations had previously owned equal stakes within the sports conglomerate, while the remaining quarter was owned by Larry Tanenbaum through his holding company, Kilmer. Rogers held an option allowing it to purchase out that remaining 25 per cent stake in MLSE.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.\">\n\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get breaking National news<\/h2>\n<p>Get breaking Canada news delivered to your inbox because it happens so you will not miss a trending story.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>Beyond its minority stake in MLSE, Kilmer owns the expansion Toronto Tempo, who&#8217;re playing their inaugural WNBA season, and last month became the primary Canadian investor within the PWHL.<\/p>\n<p>Rogers expects the deal, which is subject to league approvals, to shut within the fourth quarter of this 12 months.<\/p>\n<p>The corporate said full ownership will strengthen its ability to drive long-term growth across its businesses.<\/p>\n<p>\u201cThe strategic value of our sports business is even greater once you mix it with our core connectivity business \u2014 it gives us a singular value proposition to compete in a really crowded marketplace,\u201d Staffieri said.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<p>Along with MLSE, Rogers owns the Toronto Blue Jays baseball team, Rogers Centre and Sportsnet.<\/p>\n<p>Earlier this 12 months, Rogers chief financial officer Glenn Brandt said the telecom giant planned to mix its Rogers Sports &#038; Media subsidiary, including the Blue Jays and Rogers Centre, with MLSE.<\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Sports<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<p>The corporate intends to sell a minority stake within the consolidated Rogers sports, media and entertainment assets over the course of the following 12 months.<\/p>\n<p>One analyst said the cope with Kilmer implies a complete value for MLSE of $17.4 billion, a 39 per cent increase from the $12.5-billion valuation implied when Rogers announced the acquisition of BCE\u2019s stake.<\/p>\n<p>\u201cFull ownership was well-telegraphed. What&#8217;s more relevant is the worth paid, which sets a brand new benchmark valuation,\u201d said Scotiabank analyst Maher Yaghi in a note.<\/p>\n<p>He said valuations for the Blue Jays are estimated around $3.6 billion to $4 billion.<\/p>\n<p>\u201cCombined with the $17.4 billion, Rogers is underwriting a much higher sports asset value than investors assumed.\u201d<\/p>\n<p>Rogers also has partnerships with the Vancouver Canucks, Edmonton Oilers, Calgary Flames, the NHL, the NBA, MLB and Live Nation.<\/p>\n<p>Its latest 12-year, $11-billion agreement for the national rights to NHL games in Canada starts within the upcoming 2026-27 season.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<p>This report by The Canadian Press was first published July 6, 2026.<\/p>\n<p>Firms on this story: (TSX:RCI.B, TSX:BCE)<\/p>\n<\/p><\/div>\n<div>\n<p>\n\t\t&#038;copy 2026 The Canadian Press\t<\/p>\n<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO \u2013 Rogers Communications Inc. says it has signed a deal to purchase the remaining 25 per cent stake in Maple Leaf Sports &#038; Entertainment it doesn&#8217;t already own from Kilmer Sports Inc. for $4.35 billion. Rogers chief executive Tony Staffieri called it a defining moment for the corporate. \u201cOur full ownership of MLSE brings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":362036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[338],"tags":[5761,26965,14582,17563,12607],"class_list":["post-362035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports","tag-buying","tag-mlse","tag-remaining","tag-rogers","tag-stake"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"TORONTO \u2013 Rogers Communications Inc. says it has signed a deal to purchase the remaining 25 per cent stake in Maple Leaf Sports &amp; Entertainment it doesn&#039;t already own from Kilmer Sports Inc. for $4.35 billion. 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