NHL Approves Toronto Maple Leafs Proposed Sale

dealThe Ontario Teachers’ Pension Plan (OTPP) will receive about $1.32 billion for selling a 79.5% stake in its majority share of Maple Leaf Sports and Entertainment to Rogers Communications and BCE Inc. Both firms, through a partnership, will each control 37.5% of the team, the Toronto Raptors, Toronto FC of Major League Soccer, AHL’s Toronto Marlies and the Air Canada Centre.

The NHL Board of Governors approved the proposed sale.

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