Rogers Communications Inc. has closed its purchase of BCE's 37.5 per cent ownership stake in Maple Leaf Sports & Entertainment, the company announced Wednesday.
Rogers now holds a 75 per cent stake in MLSE, making it the majority owner.
“MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to be the majority owner of these iconic sports teams,” said Tony Staffieri, President and CEO, Rogers, said in a statement. “Live sports are a core part of our business and core to the fans who live and breathe every moment.”
Rogers has invested more than $15 billion in Canadian sports over the past decade.
“We’re passionate about winning and we’re committed to bringing more championships to fans in Canada,” said Edward Rogers, Executive Chair, Rogers.
MLSE owns the Toronto Maple Leafs, Raptors, Argonauts and Toronto FC, along with other properties.
The acquisition expands Rogers' sports portfolio, which also includes the Toronto Blue Jays, Rogers Centre and Sportsnet.
Rogers also recently signed a 12-year extension for the NHL's Canadian media rights.
The transaction closed effective Tuesday after receiving all necessary regulatory and league approvals.
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