Rogers Communications has acquired Bell Media’s 37.5% stake in Maple Leaf Sports and Entertainment (MLSE), the parent company of the Toronto Raptors, for approximately $4.7 billion CAD ($3.48 billion USD). With this purchase, MLSE’s total valuation rises to about $9.3 billion. TSN, Bell’s sports network, retains the opportunity to renew broadcast rights for Raptors games at fair market value. Both networks previously shared broadcasts equally, each airing 41 games per season. The implications for the Raptors’ operations and market strategy remain to be seen.
By the Numbers
- Rogers paid $4.7 billion CAD (~$3.48 billion USD) for Bell’s 37.5% stake.
- MLSE is now valued at approximately $9.3 billion.
State of Play
- Rogers and Bell previously each held 37.5% ownership of MLSE.
- The Raptors remain the most valuable asset within MLSE, valued at $4.11 billion.
What’s Next
Rogers may pursue a complete buyout of MLSE, having the option to…
