Nov 25, 2011, 10:07 AM EDT
Remember when the Ontario Teachers’ Pension Fund was set to sell off their 79.5% stake in the Toronto Maple Leafs? You can forget all about that now, they’re hanging on to what they’ve got.
Tara Perkins of The Globe And Mail out of Toronto reports that the Teachers’ Fund isn’t going to sell off their stake in Maple Leaf Sports and Entertainment after doing months of research as to whether or not they should. As it turns out, selling something that works as a virtual license to print money in Canada isn’t the best business decision around.
All this means now is that status quo exists in Toronto and there’s no reason to think anything is going to change at the executive level with the Leafs. This might prove disappointing to anyone hoping to see a huge ownership change-borne shakeup with one of the NHL’s cornerstone franchises.
Of course, if you’re looking to keep up with potential executive level fun like that, we suggest following the Coyotes saga or what’s going on in New Jersey to fulfill your corporate raider needs.
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 4
- Two down, one to go: Wings ink Tatar to three-year, $8.25M deal 11
- Cashing in: Rangers sign Brassard to five-year, $25 million deal 62
- Subban not eager to discuss contract talks 33
- Leafs re-sign Reimer — two years, $4.6 million 22
- Gorges still can’t explain falling out of favor in Montreal 13
- Eller, Habs agree to four-year, $14 million contract 10
- Cory Sarich hospitalized following cycling accident, expects ‘full recovery’ 7
- Stamkos shrugs off talk of LeBron-like homecoming to Toronto in 2016 31
- Avs and O’Reilly agree on two-year deal, but questions remain 45
- NBC Sports to air over 100 NHL regular-season games in 2014-15 (69)
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (62)
- Avs and O’Reilly agree on two-year deal, but questions remain (45)
- Arena deal in jeopardy? Glendale mayor requests investigation into ‘clear violation’ of state law (42)
- Zuccarello takes Rangers’ one year, $3.5M deal (42)