Leafs Sold to Rogers and Bell, No Longer Pension Plan Puppets
So this just happened...
The Ontario Teachers’ Pension Plan has sold its 79.53 per cent stake in Maple Leaf Sports and Entertainment to Rogers Communications and BCE for more than $1.2 billion. BCE is fancy talk for Bell. That's right, Bell and Rogers now each own 37.5% of MLSE, which owns, among other things, the Toronto Maple Leafs, the Toronto Raptors, TFC and the Toronto Marlies.
A couple of thoughts immediately spring to mind... These partnerships between Rogers and Bell make me very nervous. We need them to hate each other, right? It can't be good for the competitive landscape, for those of us who need Internet access and mobile talk and data plans and cable tv, when these telecom behemoths keep jumping into bed together.
And what will become of Pension Plan Puppets, the go-to Leafs blog in these parts? I hope they keep the name for tradition, the way we secular folks still call this Santa holiday Christmas.
But what matters most, of course, is will this help my Leafs win the cup? Since we've already given Brian Burke autonomy and let him spend the cap, I'm thinking it won't make a difference. At least it won't hurt...
What do you guys think of the sale of MLSE?
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