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NFL CANADA


What's your opinion of MLSE sale?
Fri, December 9, 2011

By ROB LONGLEY, QMI Agency

The Ontario Teachers Pension Plan has cashed out its controlling stake of the Maple Leaf Sports and Entertainment empire — selling to a pair of media giants.

A story first reported by the QMI Agency on Thursday night was confirmed Friday morning at the Air Canada Centre.

After years of speculation, the majority stake in the parent company of the Maple Leafs, Raptors, ACC and more has been sold to an unlikely partnership of two of Canada’s communication giants — Rogers Communication and BCE, the parent company of Bell.

The deal sees Bell and Rogers buy and split 75% of MLSE shares for $1.32 billion. Construction magnate Larry Tanenbaum, who holds the remaining 20.5% interest in MLSE, increases his ownership to 25%.

Bell and Rogers represent TSN and Sportsnet, the No. 1 and 2 sports broadcasting powers in Canada, but they will call a truce and split the shares with so many lucrative deals to be spun off their union. It is believed that neither company felt it could afford losing out to its competitor, especially given the value of TV rights to the Leafs in this country.

What's your opinion on the sale of MLSE to both media giants? Have your say in our forum.

MLSE sale a done deal



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17 Comments

As I see it, both Bell and Rogers have a motivation to get as many MLSE games on their networks as possible to increase their revenue stream. That means they have additional motivation to get these teams into the playoffs in order to air more games. How can this not be considered a good thing?
Andrew, 2011-12-09 17:36:03

So one giant corporation sells off to another giant corporation. No news here, just the gouging continues, not teachers anymore as they have already made a millions, now two of the country's biggest companies who already know how to gouge the public, are driving the bus with Tanenbaum riding in the seat. None with any conscience, it's all bucks. Until the Toronto fans realize that by not buying seats, season's tickets, nothing changes here folks, except ,likely another "small" price hike coming soon. You all deserve what you get.
Steve, 2011-12-09 13:41:00

It is satisfying to keep control in Canadian hands.

The deal itself is democracy at work. There is thankfully no law that prevents this type of ownership.

I happen to believe that the level of commitment will be greater from these owners then the previous ones.

Maybe they will even see fit not to renew the contracts of Burke and Wilson and bring in classy people to the Leafs like Beaston and Antropolis are with the Jays.
Henry, 2011-12-09 12:54:40

Good cop, bad cop. They were always friends. The collusion continues.
Freinds All Along, 2011-12-09 12:49:24

WHO CARES!!!!
Geoff, 2011-12-09 11:32:30

So the Price Fixing, CRTC Bribing, Oligopoly of Bell and Rogers now own the Medium and the Message!! No Big Shocker here!!!!
Jeff, 2011-12-09 10:54:18

It's wrong on so many levels. This is nothing more then another step for Bell and Rogers to squeeze more cash out of your pockets. Bell just announced rate increases on *everything* they offer, starting Jan 1, because, you know, they don't make enough already. They own CTV, already, now they own a big hunk of the most valuable property in hockey... how long until Leaf games are only on pay tv? They've already tried to make streaming TV to mobile devices a monopoly - and even though the CRTC told 'em that they can't, their ads sure make it sound like CTV is only available on Bell Mobility. It's insane - they're making a huge push to get people to watch tv on their mobiles, while at the same time lowering the data caps, and raising the price for overages...and service...etc. They have even raised the "maximum overage charge" so they can gouge even more. This is nothing more then a calculated move to entice people to watch hockey on a device that's billing by the megabyte. Won't be long until it costs you more to watch the game online, or on a mobile device then it does to just buy a ticket - not that I think ticket prices won't be going up...
Chris Hanlon, 2011-12-09 10:51:53

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