Rogers buying remaining stake in MLSE

Rogers Communications Inc. has announced a significant deal to purchase the remaining 25% stake in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc. for $4.35 billion. This acquisition will give Rogers full ownership of the prominent sports and entertainment company.

The transaction, described by Rogers CEO Tony Staffieri as a "defining moment" for the company, includes full control of MLSE's portfolio of major Toronto sports franchises. These include the NHL's Toronto Maple Leafs, the NBA's Toronto Raptors, MLS's Toronto FC, and the CFL's Toronto Argonauts.

Rogers, which already owns the Toronto Blue Jays baseball team, plans to sell a minority stake in its consolidated sports, media, and entertainment assets within the next year. The company anticipates the deal to close in the fourth quarter of 2026, pending necessary league approvals.

This move solidifies Rogers' position in Canada's sports and media landscape, integrating some of the country's most popular teams under its umbrella. The acquisition is subject to approval from the relevant sports leagues before it can be finalized.

“

a defining moment for the company