Rogers Nearing Full Ownership Of Maple Leaf Sports & Entertainment
Rogers Communications said it's paying $4.35 billion Cdn to acquire the remaining 25 percent stake in Maple Leaf Sports & Entertainment.
Rogers signed an agreement with Kilmer Sports Inc. after acquiring Bell Media's 37.5 percent stake in 2025. The communications and media giant is on its way to becoming the 100 percent owner of MLSE, which owns the NHL's Toronto Maple Leafs, AHL's Toronto Marlies, NBA's Toronto Raptors, CFL's Toronto Argonauts and MLS' Toronto FC.
"This is a defining moment for Rogers," Tony Staffieri, president and CEO of Rogers, said in a statement. "Our full ownership of MLSE brings together Canada's premier communications company with Canada's premier sports and entertainment organization."
True Hockey Talk: Edward Rogers With W. Graeme Roustan
The executive chair of Rogers Communications discusses becoming the majority owner of the Toronto Maple Leafs, if he sees any changes coming to MLSE and the importance of setting the right tone.
Rogers, which also owns the MLB's Toronto Blue Jays, has strategic partnerships with the NHL, Vancouver Canucks, Edmonton Oilers and Calgary Flames.
The parent company of Sportsnet is also beginning a new 12-year Canadian television broadcasting deal with the NHL, reportedly worth $7.7 billion, after finishing the previous 12-year deal.
While Rogers remain involved with the NHL and clubs outside of MLSE, it says it's committed to win championships.
"(The agreement with Kilmer Sports) gives us even more opportunity to invest in championship-caliber teams, create unique experiences for customers and fans and unlock long-term value for shareholders," Staffieri said.
Rogers said it expects to close the transaction in the fourth quarter of 2026. It said it intends to sell a minority stake in the consolidated Rogers sports, media and entertainment assets over the next year to finance the transaction.
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This story was originally published July 6, 2026 at 7:21 AM.