MLSE Buys the Argonauts - Are the Blue Jays Next?
In a surprise announcement, MLSE is the proud new owner of the Toronto Argonauts. It was previously owned by the Kilmer Group (Larry Tanenbaum) and Bell Canada, but now it's owned by the Kilmer Group, Bell Canada, and Rogers. The Argos join the Maple Leafs, Raptors, TFC and Marlies as MLSE properties.
My initial thoughts are that this is very good for the Argos. Let's face it, the Argos and CFL were all but ignored by Rogers properties like Sportsnet and The Fan 590, and now they'll get more exposure on those key sports channels. It will also help the Argos to have the weight of MLSE's sports marketing expertise behind them. I envision Argos tickets bundled with Maple Leafs playoff tickets and the like. The Argos need to draw better at BMO Field and this will help.
My next thoughts are of the Blue Jays. David Shoalts one explained the accounting advantages if Rogers owned 37.5% of the Blue Jays as opposed to the current 100%. If MLSE were to purchase the Blue Jays from Rogers, they'd have a monopoly on all major Toronto sports franchises. I don't know if this is a good thing or not.
The sale is expected to close in January 2018.
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