Nov 25, 2011, 10:07 AM EST
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.
- Ryan Murray has knee surgery, likely done for season 0
- Washington finally signs top prospect Kuznetsov 26
- Roberto Luongo records the shutout in first game back with Panthers 27
- Steve Moore remains shocked, disgusted about Todd Bertuzzi attack 63
- Canucks’ Kassian gets three games for boarding Dillon 27
- TGIF: Why Lightning fans can be upset with St. Louis 32
- Goalie nods: Luongo’s first game back with Panthers, Neuvirth makes Sabres debut 14
- Report: Kuznetsov terminated KHL deal, headed to Washington 21
- Canucks’ Bieksa: ‘If this isn’t rock bottom, I don’t know what is’ 34
- Luongo has Twitter fun at Canucks’ expense 37
- 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)
- Sabres announce Pat LaFontaine resigns as president of hockey operations (66)