The behind-the-scenes look at how Rogers took over Toronto sports
A set of rivals came to an unexpected agreement recently. Rogers Communications Inc. bought BCE Inc.’s 37.5-per-cent stake in Maple Leaf Sports & Entertainment – the umbrella company that owns the Maple Leafs, the Raptors, the Argos and Toronto FC – for $4.7-billion. The deal makes Rogers the majority owner of all of Toronto’s major professional sports teams. Andrew Willis a columnist and reporter for The Globe and Mail’s Report on Business and he explains how Rogers has the money to do this, why Bell sold their stake and how one day investors may be able to buy their own stake in their favourite sport team. Questions? Comments? Ideas? Email us at [email protected]
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Show Notes
A set of rivals came to an unexpected agreement recently. Rogers Communications Inc. bought BCE Inc.’s 37.5-per-cent stake in Maple Leaf Sports & Entertainment – the umbrella company that owns the Maple Leafs, the Raptors, the Argos and Toronto FC – for $4.7-billion. The deal makes Rogers the majority owner of all of Toronto’s major professional sports teams.
Andrew Willis a columnist and reporter for The Globe and Mail’s Report on Business and he explains how Rogers has the money to do this, why Bell sold their stake and how one day investors may be able to buy their own stake in their favourite sport team.
Questions? Comments? Ideas? Email us at [email protected]
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