Last week, the NHL approved the sale of the Tampa Bay Lightning franchise by Jeff Vinik to a Doug Ostrander-led investment group. Another pending transfer of power is the purchase by Rogers Communication of Bell Communication’s 37.5% stake in Maple Leaf Sports Entertainment. This acquisition is an addition to Rogers’ existing 37.5% stake in MLSE, making it the entity’s controlling owner. The vast difference in the franchise valuations is compelling, yet understandable given their impact on their respective communities.
Please see the attached article for details.
https://www.sportico.com/business/team-sales/2024/rogers-acquires-mlse-stake-bce-1234797692