Rogers acquires remaining MLSE stake for $4.35 billion

Rogers Communications announced on Monday that it has agreed to purchase the remaining 25 percent stake in Maple Leaf Sports & Entertainment from Kilmer Sports Inc. for $4.35 billion, giving the telecommunications giant full ownership of one of North America's most valuable sports and entertainment conglomerates. The deal, which is pending league approvals and expected to close in the fourth quarter of 2026, marks the end of an era for longtime Toronto sports figure Larry Tanenbaum.

The acquisition follows Rogers' purchase of Bell Media's 37.5 percent stake in MLSE in 2025, which gave it majority control. With this final transaction, Rogers becomes the sole owner of a portfolio that includes the NHL's Toronto Maple Leafs, the NBA's Toronto Raptors, MLS's Toronto FC, the CFL's Toronto Argonauts, and the AHL's Toronto Marlies, as well as Scotiabank Arena. Rogers already fully owns the MLB's Toronto Blue Jays and the Rogers Centre, and is the parent company of the Sportsnet media network.

In a statement, Rogers President and CEO Tony Staffieri called the move a defining moment for the company. He said full ownership unites Canada's premier communications company with its premier...