How can the $1.75 billion owners of the most valuable franchise in hockey continue to so mismanage one of the NHL's most storied teams? The Leafs still haven't won a Stanley Cup in 42 years, and the deep pockets of its parent organization have done little to reverse that trend. But it's not some fat-cat collective running the team from its penthouse suite -- since 1994, MLSE's primary investor has been the Ontario Teachers' Pension Plan. Unfortunately, the dysfunctional relationship between the two principals -- Richard Peddie and Larry Tannenbaum -- continues to trickle down to the on-ice product, as MLSE is too busy running too many sports properties and breaking ground on too many real estate projects to pay enough attention to the Leafs.
http://sportsillustrated.cnn.com/2009/h ... index.html
