Page 1 of 1
Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Fri Dec 9, 2011 5:52 am
by MAS
This should make things interesting in Leaf land (hi guys!)
http://www.torontosun.com/2011/12/08/sa ... l-is-closeBroadcasting rights are gonna be fun to negotiate
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Sat Dec 10, 2011 12:27 am
by Nolan
Ya this is going to be strange.
But on another note I doubt this really changes much in Toronto.
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Sat Dec 10, 2011 5:27 pm
by Celtics_Champs
Hey MAS
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Sat Dec 10, 2011 5:46 pm
by ajaX82
How and why were teachers a majority owner of a pro sports franchise? Could someone explain this to me?
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Sat Dec 10, 2011 11:53 pm
by WEFFPIM
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.
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Sun Dec 11, 2011 12:17 am
by Nolan
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.
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Sun Dec 11, 2011 6:54 pm
by OldNo7
This just means that Rogers will continue to spend little to no attention or money on the Blue Jays.
Re: Report: Teachers to Sell MLSE to Bell AND Rogers
Posted: Thu Dec 15, 2011 12:31 am
by MAS
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%