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12-09-2011, 11:03 AM | #80961 |
Retired Viper
Join Date: Feb 2010
Location: Markham, ON
Posts: 45,213
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Thanks I'm glad they made it to you in good time. I was worried about the Donkey that they straped the package on. LMAO!!!
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12-09-2011, 11:06 AM | #80962 |
Retired Viper
Join Date: Feb 2010
Location: Markham, ON
Posts: 45,213
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Hott Damn... The Company I work for just bought the Leafs and Raptops!
Bell, Rogers buy majority stake of MLSE ctvtoronto.ca Date: Friday Dec. 9, 2011 9:38 AM ET Two Canadian telecommunications giants purchased major stakes in the Toronto Maple Leafs' parent company on Friday in one of the largest sales of sports assets in Canadian history. Bell Canada Enterprises and Rogers Communications have grabbed nearly 80 per cent ownership of Maple Leaf Sports and Entertainment from the Ontario Teachers' Pension Plan. According to a Friday morning new release, Bell and Rogers purchased the majority of the 79.5 per cent stake that had been held by the OTPP. Each company will receive 37.5 per cent of MLSE, with the remaining portion being picked up by minority stakeholder Kilmer Sports. Kilmer Sports, owned by MLSE chairman Larry Tanenbaum, will increase its share from 20.5 per cent to 25 per cent in the deal. According to reports, the sale is worth a combined $1.32 billion. "MLSE teams are among the most popular major-league franchises in North America, iconic sports brands watched and loved by millions of fans across our nation," George Cope, President and CEO of Bell Canada and BCE said in a statement. "As Canada's largest and most established communications company, Bell is proud to be part of this all-Canadian acquisition of a world leader in sports and entertainment." The transactions are expected to close in mid-2012 following league approval. Maple Leaf Sports and Entertainment (MLSE) owns the NHL's Leafs as well as the NBA's Toronto Raptors, Major League Soccer's Toronto FC, the Air Canada Centre and other assets. "I am excited to welcome our new partners Bell and Rogers," Larry Tanenbaum, Chairman, Maple Leaf Sports and Entertainment, said in a statement. "I am proud this is a Made-in-Canada deal that will bring resources and expertise to help us win on and off the ice, court and pitch. This is a terrific path forward for our teams and our fans. It will ensure MLSE continues to make a positive impact in Toronto and across this great country of ours." The sale came as a bit of a surprise, just weeks after the Teachers' publicly announced that its stake in MLSE was no longer for sale. Over the past month, a group led by former hockey superstar Wayne Gretzky was named as a potential buyer, as well as the U.S. private equity firm Providence Equity Partners – the firm behind the Yankees Entertainment and Sports Network. Rogers Communications, which already owns the Toronto Blue Jays, has long been a rumoured suitor. Bell Media owns several national television channels including CTV, TSN, TSN2 and NHL Network Canada and sports radio stations across the country.
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12-09-2011, 11:26 AM | #80963 |
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Join Date: Jul 2008
Location: Texas
Posts: 29,433
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Where the hell is everyone?!
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The Batman |
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12-09-2011, 11:34 AM | #80964 |
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Join Date: Aug 2011
Posts: 0
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Quote:
Hott Damn... The Company I work for just bought the Leafs and Raptops!
Bell, Rogers buy majority stake of MLSE ctvtoronto.ca Date: Friday Dec. 9, 2011 9:38 AM ET Two Canadian telecommunications giants purchased major stakes in the Toronto Maple Leafs' parent company on Friday in one of the largest sales of sports assets in Canadian history. Bell Canada Enterprises and Rogers Communications have grabbed nearly 80 per cent ownership of Maple Leaf Sports and Entertainment from the Ontario Teachers' Pension Plan. According to a Friday morning new release, Bell and Rogers purchased the majority of the 79.5 per cent stake that had been held by the OTPP. Each company will receive 37.5 per cent of MLSE, with the remaining portion being picked up by minority stakeholder Kilmer Sports. Kilmer Sports, owned by MLSE chairman Larry Tanenbaum, will increase its share from 20.5 per cent to 25 per cent in the deal. According to reports, the sale is worth a combined $1.32 billion. "MLSE teams are among the most popular major-league franchises in North America, iconic sports brands watched and loved by millions of fans across our nation," George Cope, President and CEO of Bell Canada and BCE said in a statement. "As Canada's largest and most established communications company, Bell is proud to be part of this all-Canadian acquisition of a world leader in sports and entertainment." The transactions are expected to close in mid-2012 following league approval. Maple Leaf Sports and Entertainment (MLSE) owns the NHL's Leafs as well as the NBA's Toronto Raptors, Major League Soccer's Toronto FC, the Air Canada Centre and other assets. "I am excited to welcome our new partners Bell and Rogers," Larry Tanenbaum, Chairman, Maple Leaf Sports and Entertainment, said in a statement. "I am proud this is a Made-in-Canada deal that will bring resources and expertise to help us win on and off the ice, court and pitch. This is a terrific path forward for our teams and our fans. It will ensure MLSE continues to make a positive impact in Toronto and across this great country of ours." The sale came as a bit of a surprise, just weeks after the Teachers' publicly announced that its stake in MLSE was no longer for sale. Over the past month, a group led by former hockey superstar Wayne Gretzky was named as a potential buyer, as well as the U.S. private equity firm Providence Equity Partners – the firm behind the Yankees Entertainment and Sports Network. Rogers Communications, which already owns the Toronto Blue Jays, has long been a rumoured suitor. Bell Media owns several national television channels including CTV, TSN, TSN2 and NHL Network Canada and sports radio stations across the country. |
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12-09-2011, 11:36 AM | #80965 |
Retired Viper
Join Date: Feb 2010
Location: Markham, ON
Posts: 45,213
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I was watching the boardcast video of my company buying an NHL and NBA team
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12-09-2011, 11:37 AM | #80966 |
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Join Date: Feb 2010
Location: Markham, ON
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It's all about content for both TSN and SportsNet...
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12-09-2011, 11:41 AM | #80967 |
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12-09-2011, 11:44 AM | #80968 |
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Location: Texas
Posts: 29,433
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I could care less about NBA or NHL. I think I would rather watch paint dry!!!
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12-09-2011, 11:45 AM | #80969 |
Retired Viper
Join Date: Feb 2010
Location: Markham, ON
Posts: 45,213
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Same here... Waiting for Bell's Fibe TV before I switch over to Bell for TV.
I love the idea of the Whole Home PVR Bell Fibe TV - Whole Home PVR
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12-09-2011, 11:47 AM | #80970 |
Retired Viper
Join Date: Feb 2010
Location: Markham, ON
Posts: 45,213
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One Day Bats... One Day you will care... hahaha
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