Rogers Communications has announced the acquisition of Bell Canada Enterprises’ (BCE Inc.) 37.5 percent stake in Maple Leaf Sports and Entertainment (MLSE), which owns the Toronto Maple Leafs and Toronto Raptors, for $4.7 billion. The deal is expected to close in mid-2025.
In a media release on Wednesday, Bell stated that the sale is part of its strategy to reduce debt and support its transformation from a telecommunications company to a technology firm.
Currently, Rogers and Bell share broadcasting rights for the Maple Leafs and Raptors. Bell Media has confirmed that it has reached a long-term, 20-year agreement with Rogers to renew these rights upon expiration.
In addition to the Leafs and Raptors, MLSE also owns Toronto FC (soccer), the AHL’s Toronto Marlies, and the CFL’s Toronto Argonauts.
