According to a report in the Globe & Mail, the Ontario Teachers' Pension Plan has no plans on selling their controlling stake in Maple Leaf Sports & Entertainment. MLSE owns the Toronto Maple Leafs, the Toronto Raptors, Toronto FC of MLS and the Toronto Marlies of the AHL, and the OTPP owns a 66 percent stake of MLSE.
Report: ‘No Immediate Plans’ To Sell Leafs, Raptors
It was rumored on Wednesday morning that the OTPP was in negotiations to sell that 66 percent stake to Rogers Communications or perhaps another group.
The Ontario Teachers’ Pension Plan Board has no immediate plans to divest its majority stake in Maple Leaf Sports and Entertainment, and National Hockey League commissioner Gary Bettman was told as much on Wednesday, sources say.
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An NHL executive said, “There is legitimate interest on the potential buyers’ side [Rogers], but not so much on the potential sellers’ side. So at this point, it’s not going anywhere.”
For more, visit our appropriately named Leafs blog, Pension Plan Puppets.
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