Nov 18, 2011, 6:21 PM EDT
The Toronto Star has a story on the man behind a potential bid for Maple Leaf Sports & Entertainment (MLSE).
Jonathan M. Nelson is the 52-year-old billionaire CEO of Providence Equity Partners. Apparently he’s one of those reclusive billionaire types that doesn’t like to speak to the media
or leave his sterilized underground bunker.
A couple of interesting things from the article:
—-Providence is an investor in Yankees Entertainment and Sports (YES) Network, the regional cable channel that airs New York Yankees and New Jersey Nets games. A similar regional network could be developed to broadcast Leafs and Raptors games, and Providence would have the expertise to make that happen.
—-Nelson has a previous working relationship with Jim Leech, CEO of Ontario Teachers’ Pension Plan, the group selling its 79.5-percent stake in MLSE. Providence and Teachers teamed up (along with others) in 2007 to buy Bell Canada Enterprises for $51 billion, though the subprime mortgage crisis eventually derailed the deal.
At first I was a little skeptical of the idea of a U.S. investment fund buying the Leafs, but this makes sense.
I wonder if Nelson would be willing to pay Mike Komisarek $4.5 million a season to play for the Marlies.
- Blues finish night on top of NHL standings after shootout win 13
- Kings’ Nolan gets double-minor for punching Oilers’ Joensuu 45
- Extended overtime likely to be on agenda in GMs’ March meeting 33
- Lundqvist shuts out Red Wings to claim 300th victory 11
- NHL on NBCSN: Hawks know they can’t take Sabres lightly 10
- NHL on NBC: Red Wings, Rangers fight to cling onto playoff spots 2
- Video: Flames score center-ice goal against Canucks’ Lack 19
- Stars believe Lehtonen suffered concussion from Haula collision (update) 23
- Video: Stars retire Mike Modano’s jersey 11
- Rostislav Klesla passes on joining Sabres organization following trade 12
- Canucks trade Luongo to Panthers (93)
- BLOCKBUSTER: Lightning trade St. Louis to Rangers for Callahan (82)
- Kings make splash, acquire Gaborik from Columbus (72)
- Report: Canucks want center, top prospect and first-rounder for Kesler (68)
- Steve Moore remains shocked, disgusted about Todd Bertuzzi attack (67)