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Rogers May Sell Part of MLSE as Analyst Questions Deal


//media-entertainment.news-articles.net/content/ .. sell-part-of-mlse-as-analyst-questions-deal.html
Published in Media and Entertainment on Thursday, January 30th 2025 at 19:04 GMT by MSN   Print publication without navigation

  • Canadian telecom and media giant Rogers Communications expects to sell equity in Maple Leaf Sports & Entertainment, the owner of nine sports teams, including the Toronto Maple Leafs, hockey's most valuable franchise.

The article from MSN discusses the potential sale of a portion of Maple Leaf Sports and Entertainment (MLSE) by Rogers Communications. MLSE, which owns several major sports teams including the Toronto Maple Leafs, Raptors, and FC, is currently co-owned by Rogers, BCE Inc., and Larry Tanenbaum's Kilmer Sports Inc. Analyst Drew McReynolds from RBC Dominion Securities has raised concerns about the strategic fit of MLSE within Rogers' portfolio, suggesting that selling a stake could help Rogers manage its debt and fund other strategic initiatives. The sale could involve a significant portion of Rogers' 37.5% stake in MLSE, potentially fetching over $4 billion. This move comes as Rogers aims to reduce its debt load, which has been a focus since its acquisition of Shaw Communications. However, any sale would require agreement from all partners, and there's speculation on whether BCE might also consider selling its stake.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/sports/other/rogers-may-sell-part-of-mlse-as-analyst-questions-deal/ar-AA1y8BVr ]

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