Rogers takeover of MLSE motivated by legacy, financial …

Published Sept. 20, 2024 4:24 p.m. PDT. Share. Experts say rising team valuations and the desire to forge a legacy are likely at the heart of what motivated Rogers Communications Inc. …

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Rogers To Become Majority Owner Of MLSE After Buying Bell's …

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Sep 18, 2024 · Rogers acquires Bell's stake in MLSE for $4.7B. Bell has sold its stake in Maple Leaf Sports & Entertainment, the company that owns the Toronto Maple Leafs and Toronto …

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FAQs about Rogers takeover of MLSE motivated by legacy, financial … Coupon?

Could Rogers expand its share in MLSE beyond 75 per cent?

It remains to be seen whether Rogers could further expand its share in MLSE beyond 75 per cent. Under their ownership agreement, Rogers and Bell reportedly had the right to buy out MLSE chairman Larry Tanenbaum, who owns the other quarter of the sports conglomerate, by July 2026. ...

Why did Rogers bolster its portfolio of Toronto professional sports teams?

(Chris Young / The Canadian Press) Experts say rising team valuations and the desire to forge a legacy are likely at the heart of what motivated Rogers Communications Inc. executive chair Edward Rogers to bolster the company's portfolio of Toronto professional sports teams. ...

Will MLSE review Rogers & Bell merger?

A spokesperson for the Competition Bureau confirmed to CBC News that the regulator would be reviewing the proposed transaction between Rogers and Bell. MLSE chair Larry Tanenbaum owns a 20 per cent stake. ...

Will Edwards Rogers be a hero if every MLSE team wins a championship?

"If every major sports team under the MLSE banner now wins a championship, Edwards Rogers will be seen as a hero, but that's unlikely to happen," said Powers. "There'll be a bit of a honeymoon period where people will see what changes they will make under Edward Rogers. If they're positive, he'll get the glory. ...

Does Rogers own MLSE sports teams?

"MLSE is one of the most prestigious sports and entertainment organizations in the world and we're proud to expand our ownership of these coveted sports teams," said Rogers CEO and president Tony Staffieri in a statement. "Together with our sports and media assets, we plan to surface more value for shareholders long-term," said Staffieri. ...

Will Rogers & Bell buy out MLSE chairman Larry Tanenbaum?

Under their ownership agreement, Rogers and Bell reportedly had the right to buy out MLSE chairman Larry Tanenbaum, who owns the other quarter of the sports conglomerate, by July 2026. "Will they look at combining the (MLSE) ownership plus the Blue Jays into some kind of standalone entity?" said Heger. ...