{"id":783918,"date":"2026-07-06T13:38:09","date_gmt":"2026-07-06T13:38:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/783918\/"},"modified":"2026-07-06T13:38:09","modified_gmt":"2026-07-06T13:38:09","slug":"rogers-communications-buying-remaining-stake-in-mlse-from-kilmer-sports-for-4-35b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/783918\/","title":{"rendered":"Rogers Communications buying remaining stake in MLSE from Kilmer Sports for $4.35B"},"content":{"rendered":"

<\/a> Pedestrian pass the Maple Leafs Sports and Entertainment headquarters in Toronto on Friday Dec. 9, 2011. THE CANADIAN PRESS\/Chris Young – The Canadian Press <\/p>\n

TORONTO \u2014 Rogers Communications Inc. says it has signed a deal to buy the remaining 25 per cent stake in Maple Leaf Sports & Entertainment it does not already own from Kilmer Sports Inc. for $4.35 billion. <\/p>\n

Rogers chief executive Tony Staffieri called it a defining moment for the company. <\/p>\n

“Our full ownership of MLSE brings together Canada’s premier communications company with Canada’s premier sports and entertainment organization,” Staffieri said in a statement. <\/p>\n

“It gives us even more opportunity to invest in championship-calibre teams, create unique experiences for customers and fans, and unlock long-term value for shareholders.” <\/p>\n

MLSE owns the Toronto Maple Leafs hockey team, Toronto Raptors basketball team, Toronto FC soccer team and the Toronto Argonauts football team. <\/p>\n

Beyond its minority stake in MLSE, Kilmer owns the expansion Toronto Tempo, who are playing their inaugural WNBA season, and last month became the first Canadian investor in the PWHL. <\/p>\n

Rogers expects the deal, which is subject to league approvals, to close in the fourth quarter of this year. <\/p>\n

The company said full ownership will strengthen its ability to drive long-term growth across its businesses. <\/p>\n

“The strategic value of our sports business is even greater when you combine it with our core connectivity business \u2013 it gives us a unique value proposition to compete in a very crowded marketplace,” Staffieri said. <\/p>\n

Rogers has said intends to sell a minority stake in the consolidated Rogers sports, media and entertainment assets over the course of the next year. <\/p>\n

In addition to MLSE, Rogers owns the Toronto Blue Jays baseball team, Rogers Centre and Sportsnet. <\/p>\n

The company also has partnerships with the Vancouver Canucks, Edmonton Oilers, Calgary Flames, the NHL, the NBA, MLB and Live Nation. <\/p>\n

This report by The Canadian Press was first published July 6, 2026. <\/p>\n

Companies in this story: (TSX:RCI.B) <\/p>\n

The Canadian Press <\/p>\n","protected":false},"excerpt":{"rendered":"Pedestrian pass the Maple Leafs Sports and Entertainment headquarters in Toronto on Friday Dec. 9, 2011. THE CANADIAN…\n","protected":false},"author":2,"featured_media":783919,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[49,48,277332,277334,122578,15956,24090,80079,944,277333,3302,746],"class_list":["post-783918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ca","tag-canada","tag-maple-leaf-sports-entertainment","tag-maple-leafs-sports-and-entertainment","tag-minority-stake","tag-mlse","tag-rogers-centre","tag-rogers-communications-inc","tag-the-canadian-press","tag-tony-staffieri","tag-toronto","tag-toronto-maple-leafs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/783918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=783918"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/783918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/783919"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=783918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=783918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=783918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}