If Larry Tanenbaum is the founder of Maple Leaf Sports & Entertainment, and is still its chairman of the board of directors, the businessman now only owns 20% of this conglomerate which owns several sports franchises: the Toronto Raptors (NBA), the Toronto Maple Leafs (NHL), the Toronto FC (football)…
The Bell and Rogers groups, two of the four largest telecom operators in Canada, shared 75% of the company's shares in equal parts until now. Each therefore owned 37.5% of “MLSE”.
A balance that has just changed since Rogers Communications announced the purchase of shares Bell, to take control of the franchise. Already owner of the Toronto Blue Jays (MLB), the groupEd Rogers is acquiring other sports franchises, perhaps while waiting for the creation of an American football franchise.
What future for Masai Ujiri?
In any case, it is the end of Larry Tanenbaum's effective control over the club, although he had just been re-elected as head of the NBA's board of owners, and the takeover of power by Ed Rogers.
What will this change for the Raptors? Hard to say. According to SportsNetthe clearest change might concern Masai Ujiriextended until 2026 under pressure from Larry Tanenbaum and Bell, despite opposition from Rogers. With the latter taking control, the president could therefore be in danger.
