Rogers signed a deal with BCE to become a majority owner of Maple Leafs Sports and Entertainment
Rogers Communications Inc. has closed its deal to purchase a 37.5 percent stake in BCE Inc. in Maple Leaf Sports and Entertainment to become a majority owner of the company.
Rogers now holds a 75 percent stake in the owners of Toronto Maple Leafs, Toronto Reppers, Toronto Argonats and Toronto FC.
The $ 4.7 billion deal was effective on Tuesday after receiving the required regulator and league approval.
The acquisition increases the company’s sports portfolio which already included Toronto Blue Jais, Rogers Center and Sportsnet.
Earlier this year, Rogers signed a new 12-year-old, $ 11 billion agreement with the National Hockey League for National Media Rights for NHL Games through 2037–2038. The deal kicks after the end of its current 12-year-old deal.
Look Rashtriya discussed the acquisition of MLSE of Rogers:
After the purchase of Maple Leaf Sports and Entertainment from Bell’s $ 4.7 billion, Rogers now controls all men’s Pro sports in Toronto, including Toronto Maple Leafs, Toronto Repters, Toronto Argonats, Toronto FC and American Hockey League.
