Toronto Maple Leafs stake sold in record-breaking $4.7 billion deal: redefining the future of hockey
The Toronto Maple Leafs' stake was sold in a record-breaking $4.7 billion deal, which could redefine the future of hockey.
In breaking news, it was announced that Rogers Communications bought Bell Canada's part of the Toronto Maple Leafs for a whopping $4.7 billion.
According to Bell, the deal will close in mid-2025, and Rogers, which already owned 37.5% of Maple Leafs Sports & Entertainment, now has a part valued at $9.3 billion. The communications company also owns the Toronto Blue Jays, valued at $2.27 billion.
The remaining 25% of the company is owned by Larry Tanenbaum, and it is believed that Rogers should buy out his stake by 2026.
The President and CEO of Rogers, Tony Staffieri, made the following comment after the sale:
This transaction could redefine the future of hockey in multiple aspects.
Not only should this set a benchmark for the value of National Hockey League franchises, likely driving the value of other teams up and helping raise the salary cap, but the deal should influence the team's operations.
With new owners often come big changes: whether in infrastructure or hockey operations, it could also create a significant gap with other organizations, possibly marking an era of change in Toronto, which already started when Kyle Dubas was fired as general manager.
| POLL | ||
Do you think the Toronto Maple Leafs will be owned at 100% by Rogers in 2026? | ||
| Yes | 173 | 78.3 % |
| No | 48 | 21.7 % |
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