Rogers completes takeover of remaining 25% of MLSE

Rogers Communications Inc. has finalized its acquisition of the remaining 25% ownership stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc. for $4.35 billion. This acquisition brings together Toronto's prominent sports franchises, including the Maple Leafs, Raptors, Toronto FC, Argonauts, and their affiliated development teams, under a single ownership umbrella.

The deal also includes Scotiabank Arena, the Rogers Centre partnership with Live Nation, Sportsnet, and over 30 television networks and more than 40 radio stations under a new Rogers Sports unit.

Edward Rogers, Executive Chair of Rogers, expressed his admiration for MLSE's iconic sports teams, stating that they are deeply ingrained in the fabric of communities and the nation. He emphasized that sports fans invest more than just money into their teams, including their time, passion, and dreams, and that this new ownership carries a personal responsibility to support those teams.

The executive structure remains unchanged with Keith Pelley as President and CEO of MLSE. He will now also assume additional responsibilities within Rogers Media. Mark Shapiro will continue as President and CEO of the Toronto Blue Jays. Tony Staffieri, President and CEO of Rogers, expressed the company's commitment to investing in championship-calibre teams, enhancing the fan experience, and delivering compelling experiences for customers.