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.
- Comeback fit for a King: Lundqvist, Rangers even series in Game 4 12
- WATCH LIVE: Rangers at Lightning, Game 4 of Eastern Conference Final 6
- Fetisov wants to restrict young Russians from playing in the NHL 38
- All eyes on Lundqvist 10
- Quenneville opted for ‘fresh legs’ by inserting Nordstrom, Versteeg into lineup 12
- Video: Ducks hold off Blackhawks in Game 3 to take series lead 30
- (Video) PHT Extra: On Babcock, sticking to the process and housebuilding analogies 3
- Babcock predicts ‘pain’ for Leafs, who are a ‘massive, massive challenge’ 39
- Babcock wants to ‘put Canada’s team back on the map’ 48
- Flyers won’t trade Del Zotto, but ‘something will have to give’ on crowded blue line 26
- Reports: Sabres thought they had a deal with Babcock, aren’t happy (172)
- Leafs land Babcock with reported 8-year deal, estimated at $50 million (130)
- Russia to be punished for ‘completely out of order’ actions after Worlds final loss to Canada (91)
- Report: Sabres negotiating with Babcock (82)
- What’s wrong with Lundqvist? (70)