BREAKING: Toronto Maple Leafs Have Been Sold For An Insane Amount

Published June 21, 2023 at 6:50 PM
BY ELLIOT BEN JACOB
     
Stories continue below

A Shift in Ownership of Toronto Maple Leafs



There are reports circulating that the Toronto Maple Leafs, an iconic franchise in the sporting world, is on the brink of a significant change in ownership structure.

Tanenbaum's Stakes on Sale



Larry Tanenbaum, the Chairman of MLSE, is reportedly close to selling his share in the company. Sportico, a reputable sports news outlet, claims that the estimated enterprise value of this transaction is a whopping $8B.

Stories continue below

Tanenbaum has control over a 25% stake in the Maple Leafs through MLSE via Kilmer Sports, alongside stakes in several other sports franchises based in Toronto. These include NBA's Toronto Raptors, Toronto FC of MLS, and the CFL's Toronto Argonauts.

More information can be found in the following tweet:


OMERS to Take Over MLSE Shares



The potential buyer for Tanenbaum's stake is none other than the Canadian Pension fund OMERS. If this sale gets the final nod of approval, it will effectively pass the reins of MLSE, and hence the Maple Leafs, to OMERS.

According to Sportico, the transaction reflects an unprecedented value for a sports franchise.

It remains ambiguous whether Tanenbaum's stake in full is up for sale. Regardless, this move marks a significant turning point, as the Leafs could be seeing a major change in ownership.

As Read on HockeyPatrol - BREAKING: Maple Leafs about to be Sold for a Massive Amount
Stories continue below
Latest 10 stories