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Rogers Becomes Majority Owner of Maple Leaf Sports & Entertainment
Globenewswireยท 2025-07-02 17:00
Core Viewpoint - Rogers Communications Inc. has successfully acquired BCE's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, increasing its ownership to 75% and reinforcing its commitment to Canadian sports [2][3]. Group 1: Acquisition Details - The acquisition closed on July 1, 2025, after receiving all necessary regulatory and league approvals [6]. - The purchase price of C$4.7 billion was primarily funded through revolving bank credit facilities and cash on hand [6]. Group 2: Strategic Importance - MLSE is recognized as one of the most prestigious sports and entertainment organizations globally, and Rogers aims to leverage this ownership to enhance its sports portfolio [3][5]. - The acquisition positions Rogers as the largest owner in MLSE, which includes iconic sports teams and strengthens its leadership in Canadian sports [2][5]. Group 3: Investment Commitment - Over the past decade, Rogers has invested more than C$15 billion in Canadian sports and plans to continue this investment to bring championships to Canada [3][4]. - The company has established long-term strategic partnerships with the NHL and various Canadian teams, including a new 12-year agreement for national media rights through 2037-2038 [5].