Rogers Communications Inc. has signed a deal to buy the remaining 25 percent stake in Maple Leaf Sports & Entertainment (MSLE) it does not already own from Kilmer Sports Inc. for $4.35 billion.
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The move will significantly expand the advertising inventory available throughs Rogers Sports & Media.
“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,” said Tony Staffieri, President and Chief Executive Officer, Rogers. “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.”
Rogers previously bought out Bell’s 37.5% ownership stake for C$4.7 billion in September 2024. Sport investment group Kilmer Sports owns the remaining 25% share, valued at $4.35 billion.
MLSE’s extensive portfolio features premier sports franchises including the Toronto Maple Leafs, Raptors, Toronto FC, and Argonauts. Its development and esports pipeline includes the AHL’s Toronto Marlies, the NBA G League’s Raptors 905, MLS Next Pro’s TFC II, and the Raptors Uprising Gaming Club (the team's NBA 2K League affiliate). Beyond the teams, MLSE owns and operates Scotiabank Arena alongside five other major sports and entertainment facilities across the city.
