- cross-posted to:
- [email protected]
- canada
- cross-posted to:
- [email protected]
- canada
https://www.hoopsrumors.com/2024/09/rogers-buys-out-bells-stake-in-raptors-parent-company.html
Rogers purchased Bell’s 37.5% stake in the company for $4.7 billion in Canadian dollars, per Sportico, which works out to approximately $3.48 billion USD based on the current exchange rate. That puts the overall valuation of MLSE at around $9.3 billion.
In addition to the Raptors, MLSE controls the NHL’s Toronto Maple Leafs, MLS club Toronto FC, and a handful of smaller sports teams, such as the Toronto Argonauts (Canadian Football League) and Raptors 905 (G League). The company also owns and operates Scotiabank Centre and OVO Athletic Centre, the Raptors’ home arena and practice facility, respectively.
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