Numerous media outlets are reporting that the Ontario Teachers’ Pension Plan is considering selling their 66 percent majority share of Maple Leaf Sports and Entertainment.
According to Quebec newspaper La Presse, the Ontario Teachers’ Pension Plan ownership stake is believed to be worth $1.3 billion.
Potential suitors for the majority ownership will likely include Rogers, who already owns the Toronto Blue Jays and the Rogers Centre (formerly The Skydome).
Given the extreme price tag, there will be very few suitors. That said, given how much money the Maple Leafs consistently produce, one has to figure on a number of American interests getting involved in the bidding process as well.
One wonders if Research In Motion tycoon Jim Balsillie would take a stab at purchasing the Maple Leafs, but with his poor history with the NHL and NHL Commissioner Gary Bettman, it would seem unlikely that Balsillie would be given the chance.
Balsillie took a stab at owning both the Nashville Predators and Phoenix Coyotes only to see both potential sales nixed by Gary Bettman and the NHL, based on Balsillie’s desire to move those franchises to Southwe ...
Read Full Article at Bleacher Report - NHL
Article written by Mark Ritter
Toronto Maple Leafs For Sale: Who Are the Potential Owners?
March 13th, 2011 by Mark Ritter Leave a reply »
Advertisement