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Telecom giants land Leafs
Rogers, Bell score biggest deal in North American sports history.
The Ontario Teachers Pension Plan has sold Maple Leaf Sports and Entertainment and all that goes with it for more than $1-billion.
The buyers?
Two broadcast rivals with mutual interests.
It’s a very complex deal with a number of regulatory hurdles involving the CRTC and the NHL.
Rogers and Bell each get a 37.5% stake.
The remaining 25% belongs to Larry Tannenbaum.
Once the deal closes, teachers and retired teachers will realize a 400% return on their investment.
