Dec 9, 2011, 11:09 AM EST
It was just a report last night, but today the Maple Leafs have been sold.
The Ontario Teachers’ Pension Fund have sold their majority stake in Maple Leaf Sports and Entertainment to Rogers Sportsnet and Bell Canada for a whopping $1.3 billion. The partnership is an awkward one as Bell and Rogers are competitors in communications. Bell also owns a small part of the Montreal Canadiens on top of it all. No, they won’t be forced to divest their interest there. That should make Habs-Leafs games a bit more fun.
How this affects the future of the Leafs (as well as MLSE’s other sports interests) will be curious. Will Bell and Rogers amp up their interest in running the Leafs to try and generate more money for the team by taking a keener interest in how they do? Will the new owners treat the Leafs as a cash cow that effortlessly makes money for them?
After the executive board room way of life the Ontario Teachers seemed to do things, seeing a two-headed monster with a direct interest in how well the Leafs perform will be fascinating to watch.
- Report: Dan Hamhuis’ injury is significant, but not season-ending 2
- Been there, done that: Oilers lose five straight for second time this season 7
- Prout drops Lucic: ‘As far as I was concerned we were engaged in a fight’ 77
- Video: Prout drops Lucic with one punch 42
- NHL grants Kings cap relief for Voynov, who’s still suspended indefinitely 31
- Trade: Stars get Demers from Sharks, send Dillon to San Jose 18
- The Leafs didn’t salute their fans last night, so that’s a thing now 77
- Dallas signs Jason Spezza to four-year, $30 million extension 18
- Video: Ovechkin with an unreal dangle, scores game-winner 17
- Video: Avs’ Tanguay takes Ovechkin shot to the face (Updated) 4
- Prout drops Lucic: ‘As far as I was concerned we were engaged in a fight’ (80)
- The Leafs didn’t salute their fans last night, so that’s a thing now (77)
- Jack Johnson filed for bankruptcy, parents allegedly took advantage of him (58)
- Wild put Harding on waivers (Updated) (52)
- After Voynov suspension, Lombardi wonders if teams need a ‘cushion’ in case a player is a ‘bank robber, kleptomaniac’ (51)