Rogers Communications Inc. has announced the completion of its acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc. for C$4.35 billion, bringing its total ownership to 100%.
This strategic move unites Canada's leading communications company with its premier sports and entertainment organization, enhancing Rogers' ability to invest in championship-caliber teams and deliver unique experiences to fans and customers.
Tony Staffieri, President and CEO of Rogers, emphasized the significance of this acquisition, stating, "This is a defining moment for Rogers. Our full ownership of MLSE brings together Canada’s premier communications company with Canada’s premier sports and entertainment organization."
Edward Rogers, Executive Chair of Rogers, acknowledged the contributions of Larry Tanenbaum, Chairman of MLSE, expressing gratitude for his partnership and lasting impact on the organization.
The acquisition is expected to close in the fourth quarter of 2026, subject to league approvals.
Rogers intends to finance the transaction with its committed liquidity and plans to sell a minority stake in its consolidated sports, media, and entertainment assets over the next year.
This move underscores Rogers' commitment to investing in Canadian sports and delivering value to shareholders.
The acquisition includes ownership of several professional sports teams in Toronto, including the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts.
Rogers' existing sports portfolio also includes ownership of the Toronto Blue Jays, Rogers Centre, and Sportsnet, the number one sports network in Canada.
The company has a history of investing in Canadian sports, with over $15 billion invested over the past decade.
The transaction is subject to league approvals, and Rogers expects the transaction to close in the fourth quarter of 2026.
Rogers intends to finance the transaction with its committed liquidity and plans to sell a minority stake in its consolidated sports, media, and entertainment assets over the next year.
This acquisition positions Rogers to further strengthen its presence in the Canadian sports and entertainment industry, offering fans and customers enhanced experiences and access to a broader range of content.
The company remains committed to investing in Canadian sports and delivering value to shareholders through this strategic acquisition.