Report: Teachers to Sell MLSE to Bell AND Rogers

Post #1 » by **MAS** » Fri Dec 9, 2011 5:52 am

This should make things interesting in Leaf land (hi guys!)

http://www.torontosun.com/2011/12/08/sa ... l-is-close

Broadcasting rights are gonna be fun to negotiate

Post #2 » by **Nolan** » Sat Dec 10, 2011 12:27 am

Ya this is going to be strange.

But on another note I doubt this really changes much in Toronto.

Post #3 » by **Celtics_Champs** » Sat Dec 10, 2011 5:27 pm

Hey MAS

Post #4 » by **ajaX82** » Sat Dec 10, 2011 5:46 pm

How and why were teachers a majority owner of a pro sports franchise? Could someone explain this to me?

WEFFPIM · Post #5 » by **WEFFPIM** » Sat Dec 10, 2011 11:53 pm

ajaX82 wrote:How and why were teachers a majority owner of a pro sports franchise? Could someone explain this to me?

I'd like to know this as well.

Post #6 » by **Nolan** » Sun Dec 11, 2011 12:17 am

ajaX82 wrote:How and why were teachers a majority owner of a pro sports franchise? Could someone explain this to me?

Some pension funds buy mutual funds or stocks the Ontario teachers pension fund bought MLSE.

Post #7 » by **OldNo7** » Sun Dec 11, 2011 6:54 pm

This just means that Rogers will continue to spend little to no attention or money on the Blue Jays.

Post #8 » by **MAS** » Thu Dec 15, 2011 12:31 am

ajaX82 wrote:How and why were teachers a majority owner of a pro sports franchise? Could someone explain this to me?

After Harold Ballard died, he didn't leave the Maple Leafs to his kids. There was a massive power struggle amongst the other shareholders of the team at the time to find out who owned the team. It ended up being Steve Stavro (owned a chain of grocery stores) but he needed to be backed by someone with money... that's where the teachers came in.

When Stavro stepped down, he sold the majority of his shares to the Teachers, thus giving them the 51% or whatever it was back then. Before they sold their shares to Rogers/Bell, they also bought out TD Bank's shares of the company giving them 80%