Connect with us

Sports

Rogers Communications ups stake in Raptors, Leafs, Toronto FC

NHL: Toronto Maple Leafs at Montreal CanadiensApr 6, 2024; Montreal, Quebec, CAN; Toronto Maple Leafs forward Connor Dewar (24) plays the puck next to Montreal Canadiens goalie Cayden Primeau (30) during the third period at the Bell Centre. Mandatory Credit: Eric Bolte-Imagn Images

Rogers Communications will become the majority owner of MLSE — the parent company of franchises including the Toronto Maple Leafs and Raptors — after agreeing to buy 37.5 percent of the organization.

Rogers announced Wednesday that the acquisition, which is expected to close in mid-2025, will double its interest in Maple Leaf Sports and Entertainment to 75 percent ownership. Rogers is paying about $3.5 billion in U.S. dollars to purchase the stake from Bell Canada Enterprises.

MLSE also is the parent company of Toronto FC of Major League Soccer and the Toronto Argonauts of the Canadian Football League.

Rogers owns the Toronto Blue Jays, exclusive of this deal.

The deal is pending approval from each league.

In a news release, Bell said it will use the proceeds to reduce its debt and to help pay for its transition from a telecommunications to a technology company.

“We are proud of our time as co-owners of these iconic sports teams, and through this agreement have ensured that fans can count on Bell’s continued support of their teams,” Mirko Bibic, the company CEO, said in a statement. “Today’s announcement demonstrates that we are focused on creating the financial flexibility to support our ongoing transformation and core growth drivers.”

As part of the deal, Bell and Rogers agreed TSN will retain the broadcast rights to the Maple Leafs, Raptors, Argonauts and Toronto FC games.

Rogers and Bell joined forces to buy the majority of MLSE from the Ontario Teachers Pension Plan for less than $2 billion in 2012. Now, the Maple Leafs alone are valued at an NHL-high $2.65 billion, per Sportico.

“MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to expand our ownership of these coveted sports teams,” Rogers CEO Tony Staffieri said, per Sportico. “MLSE continues to appreciate significantly, and together with our sports and media assets, we plan to surface more value for shareholders long-term.”

–Field Level Media

source

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sports

Report: Giants planning to release LB Bobby Okereke

NFL: New York Giants at Chicago BearsNov 9, 2025; Chicago, Illinois, USA; New York Giants linebacker Bobby Okereke (58) leaves the field after losing to the Chicago Bears at Soldier Field. Mandatory Credit: David Banks-Imagn Images

The New York Giants are planning to cut inside linebacker Bobby Okereke in a cost-saving move, The Athletic reported Saturday.

Releasing the seven-year NFL veteran, who turns 30 in July, will save the Giants $9 million against the 2026 salary cap.

Okereke has led New York in tackles in two of his three seasons with the team, including 143 stops in 2025 and 149 in 2023.

Okereke added one sack, two interceptions and one fumble recovery in 17 games (all starts) for the Giants in 2025.

He has recorded 805 tackles, 7.5 sacks, seven interceptions and 11 forced fumbles in 110 career games (95 starts) with the Colts (2019-22) and Giants. Indianapolis drafted him in the third round in 2019.

–Field Level Media

source

Continue Reading

Sports

Tyler Reddick starts bid for 3rd straight NASCAR Cup win with pole run

NASCAR: Autotrader 400Feb 22, 2026; Hampton, Georgia, USA; NASCAR Cup Series driver Tyler Reddick rounds the track at EchoPark Speedway. Mandatory Credit: Mady Mertens-Imagn Images

AUSTIN, Texas — One of the few things that wasn’t startling about Saturday’s NASCAR Cup Series qualifying session at Circuit of the Americas was Tyler Reddick’s run for the pole position.

Negotiating the 2.4-mile road course in 97.760 seconds (88.380 mph) in the second qualifying group, Reddick claimed his third Busch Light Pole Award in six attempts at the track. He will lead the field to green in Sunday’s DuraMAX Grand Prix Powered by Reladyne (3:30 p.m. ET on FOX, PRN and SiriusXM NASCAR Radio).

Of course, there’s more at stake for Reddick than simply a victory at COTA. In winning at EchoPark Speedway near Atlanta last Sunday, the driver of the No. 45 Toyota became the sixth Cup competitor to start a season with two consecutive wins. No driver has ever won three straight to open a season.

The 23XI Racing driver acknowledged that the pole position, the 12th of his career, is a positive first step toward that goal.

“It helps the chances, certainly,” said Reddick, whose series-best average finish of 4.6 at COTA includes a victory in 2023. “I think starting up front is huge.”

Michael McDowell led the first qualifying group of 19 drivers with a lap at 88.031 mph but fell to sixth soon after the second group took to the track. Ultimately, Ross Chastain posted the second-fastest lap at 88.256 mph (97.897 seconds) and will start on the front row beside Reddick.

The shocker was not that Chastain, the 2022 COTA winner, fashioned an excellent lap. What was surprising was that his two Trackhouse Racing teammates, Shane van Gisbergen and Connor Zilisch — both vaunted road course racers — failed to crack the top 10 in qualifying.

Van Gisbergen was 13th fastest on his third lap. Zilisch could do no better than 25th. Van Gisbergen is seeking his sixth straight road course victory in the Cup Series, a mark that would tie NASCAR Hall of Famer Jeff Gordon for most consecutive road course wins.

Chase Briscoe (88.242 mph) will start third, followed by Ryan Blaney (88.179 mph) and Chase Elliott (88.161 mph). Elliott leads active drivers with seven road course victories.

Behind McDowell in sixth, AJ Allmendinger qualified seventh, followed by defending race winner Christopher Bell, Ty Gibbs and William Byron.

“We’ll see how it gets going,” Reddick said. “Certainly, Ross, Shane, Ryan Blaney-there’s a number of good drivers who were really strong in practice today. We’ll try to understand what that all looks like and make our best decisions on the car and everything.”

–Field Level Media

source

Continue Reading

Sports

Warriors F Gui Santos signs multi-year extension

NBA: Golden State Warriors at Memphis GrizzliesFeb 25, 2026; Memphis, Tennessee, USA; Golden State Warriors forward Gui Santos (15) passes the ball as Memphis Grizzlies guard Javon Small (10) defends during the third quarter at FedExForum. Mandatory Credit: Petre Thomas-Imagn Images

Golden State Warriors forward Gui Santos signed a multi-year contract extension on Saturday.

Specific terms were not disclosed by the Warriors. However, ESPN reported it was a three-year, $15 million contract extension with a player option in 2028-29. Santos was in line to become a restricted free agent prior to this extension.

Santos, 23, is posting career-best averages in points (6.6), rebounds (3.2) and assists (1.7) in 48 games (13 starts) this season.

He is contributing 4.9 points, 3.0 boards and 1.4 assists in 127 career games (15 starts) since being selected by the Warriors in the second round of the 2022 NBA Draft.

–Field Level Media

source

Continue Reading