🔥 Trending Rogers Confirms Plans to Sell MLSE Ownership Stake

Rogers Communications recently announced its intention to sell a portion of its ownership stake in Maple Leaf Sports & Entertainment (MLSE) after completing the acquisition of the remaining 25% minority stake ¹⁸. This move would give Rogers full ownership of MLSE before potentially divesting a part of it.

Background on Rogers' MLSE Ownership

Maple Leaf Sports & Entertainment (MLSE) is a prominent Canadian sports and entertainment company that owns several major sports teams, including the Toronto Maple Leafs (NHL), Toronto Raptors (NBA), Toronto FC (MLS), Toronto Argonauts (CFL), and the Toronto Marlies (AHL) ³.

Historically, MLSE was jointly owned by Rogers Communications, BCE Inc. (Bell Canada's parent company), and Kilmer Sports Inc. ⁵.

• 2025 Acquisition: Last year, Rogers purchased BCE's 37.5% stake in MLSE for CAD$4.7 billion, increasing its ownership to 75% ⁵.
• 2226 Acquisition: On July 6, 2026, Rogers announced it had signed an agreement to acquire the remaining 25% ownership stake in MLSE from Kilmer Sports Inc., owned by Larry Tanenbaum, for C$4.35 billion ⁴⁶⁷¹⁰. This transaction, once approved, would make Rogers the sole owner of MLSE ³⁷.

The Current Situation: Rogers' Plan to Sell

Despite moving to acquire 100% ownership, Rogers has confirmed plans to sell a portion of its MLSE stake shortly after completing this transaction ¹⁸. The company is reportedly looking to shed a similar-sized chunk (around 25%) of its sports and media holdings ⁸.

This decision comes as Rogers reported a Q2 loss, which included a $1.03-billion non-cash charge related to the acquisition of the minority stake in MLSE ⁹.

While the exact details of the potential sale, such as the buyer, the size of the stake, or the timeline, have not been fully disclosed, the intent to divest a portion of MLSE has been confirmed by Rogers ¹⁸. This strategic move suggests Rogers is aiming to consolidate its ownership before potentially bringing in new partners or restructuring its investment in the sports and entertainment giant.