It has been well-documented about the Toronto Maple Leafs' struggles. Their majority owner is the Ontario Teachers’ Pension Plan, but the economy has been tough on the ownership group. OTPP has lost a significant amount throughout their assorted business ventures and have been slowly selling off their stakes in other companies.
While an OTPP spokesperson has publicly stated that they are not actively seeking a sale in the near future, it’s easy to speculate that they are. To own a sports team, you must have excessive amounts of capital at your fingertips. An historic original six team like the Toronto Maple Leafs ups the ante.
Another original six team, the Montreal Canadiens sold in 2009 for a whopping, not to mention NHL record-setting, $575 million and rumor has it the Maple Leafs will go for over a billion dollars. This limits the candidates in the running for purchasing shares of the team. Here are some wealthy prospects who should think about purchasing the Ontario Teachers’ Pension Plan’s share of the Maple Leafs.
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Article written by April Weiner
10 Most Likely New Owners For The Toronto Maple Leafs
January 11th, 2011 by April Weiner Leave a reply »
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