Rogers Communications has acquired BCE’s 37.5% stake in Maple Leaf Sports and Entertainment

[SprDaVE]

Bell retains rights for Raps and Leafs for 20 years with deal.

Rogers buys Bell’s stake in MLSE for $4.7 billion

Rogers now owns 75 per cent of the Maple Leafs and Raptors’ parent company.

www.thestar.com

https://x.com/i/web/status/1836396558759399556

 

[Evilhomer]

This is the important question I would like to know. It’s already to expensive for me to go watch a leafs game so the can raise those prices but my phone bill better not be going up!

Doesn't matter who owns this team or any other professional sports team: we will all pay more to watch sports because a growing percentage of games will be on streaming services.

 

[Sypher04]

~12.5B valuation. Not bad

 

[RetroWinnipeg]

Rogers owning more of anything is bad news

Just wait until January when you try to find Food Network and HGTV.

 

[Squiffy]

~12.5B valuation. Not bad

CDN $’s. Bit shy of 10 USD.

 

[Darcy Tucker]

You'll get more ads about buying Leafs tickets/merch probably.

I'm a Leafaholic so their ads wouldn't change much.

 

[RetroWinnipeg]

Nothing really official but it sounds like it. The only thing TSN will keep are the TFC and Argos games per the Bell news release.

Looks like everything stays put.

Pending approval from each league, Bell Media says it has also secured content rights to the Toronto Maple Leafs and Toronto Raptors on TSN for the next 20 years through a long-term agreement with Rogers.

 

[Sypher04]

Rogers is worse than Bell. People dislike individual owners because of meddling. Giving an individual company unimpeded majority power just gets us closer to that.

Rogers and Bell are two sides of the same coin. There really is no better/worse than

 

[SprDaVE]

Looks like everything stays put.

Pending approval from each league, Bell Media says it has also secured content rights to the Toronto Maple Leafs and Toronto Raptors on TSN for the next 20 years through a long-term agreement with Rogers.

Yep I misread that initially. Good news for the viewers.

 

[Fogelhund]

When Bell and Rogers bought MLSE off of the Teachers Pension plan, they jointly paid $1.47 Billion. Rogers just paid $4.7 Billion for Bell's half, and Bell made nearly $4 Billion on the deal over what they paid for it.

Bell Stock has fallen from $73.41 in 2022, to a low of $43.09 in July, but has since rebounded to 46.95. A lot of the BCE stock story, is an interest rate story. As Interest rates rose, the dividend on BCE became less attractive, and people sold off. When the dividend was 5.4%, and you could get a GIC for the same rate, the stock wasn't very attractive. Now that the yield is 8.5%, and rates are falling, you'll likely see BCE buyers come back to the table.

 

[the squared circle]

Rogers is my enemy.

 

[Nineteen67]

In my opinion, this is all about broadcast/streaming rights. Like all sports, this will eventually get to a place where the majority of Leafs games are on a streaming service that fans will need to subscribe to for a healthy fee.

I’m sure that’s a part of it. The sportsnet broadcast is awful. It’s at point where it’s unwatchable.

 

[A1LeafNation]

Lots of in fighting at the top. Hopefully this is a good news story.

 

[TheBeastCoast]

All our regional games being on SN is legit awful.

 

[DuklaNation]

Rogers has been majority owner of Jays since 2000. While somewhat disappointing, their overall record hasn't been that bad, 13th overall.

Most MLB Wins By Team Since 2000 | StatMuse

Since 2000, the New York Yankees have the most wins by a team, with 2,280 wins.

www.statmuse.com

 

[Darcy Tucker]

Rogers is my enemy.

What are your views on the middle East?

 

[tmlfan98]

Ed Rogers getting full control over Toronto's sports teams is terrible news. He pretty much embodies the complete opposite of Keith Pelley's statement: "We aren't just here to sell jerseys."

 

[MilkofthePoppy]

Business as usual for the woke and exploitative corpos that own everything in this country.

Oh and by the way, "Comments are closed" for this story on Rogers Sportsnet. Pretty soon being critical of millionaire athletes that play children's games for a living will be considered "bullying" and "violence".

 

[Punch Drunk Loov]

I've never liked Bell.

 

[TorMapleJays]

BCE is skyrocketing.

RCI is tanking.

Business as usual for the woke and exploitative corpos that own everything in this country.

Oh and by the way, "Comments are closed" for this story on Rogers Sportsnet. Pretty soon being critical of millionaire athletes that play children's games for a living will be considered "bullying" and "violence".

Dangerous questioning. We all need more Dooseys.

 

[TheTotalPackage]

I think it was obvious it was only a matter of time that one was going to buy the other's share. Always seemed weird how the two biggest enemies co-existed for the biggest sporting enterprise in the country.

What I'm more surprised by is that the MLSE conglomerate didn't just swallow up the Jays and have one huge sporting umbrella with all the major teams in the city beneath it, with each side having a proportionate share.

 

[Darcy Tucker]

I've never liked Bell.

Let's talk about it ; )

 

[Jimmy Firecracker]

God f***ing damnit. Why does the worst telecom have to own a majority stake? Everything that bloody company touches goes to shit.

 

[francis246]

Shit, would have much rather bell buyout Rogers. But Roger’s owns everything man

 

[sxvnert]

Bell is probably interested in purchasing another team (possibly expansion)