Oh, Canada! Ontario Pension to Sell Maple Leafs
The Ontario Teachers’ Pension Plan decided over the weekend to try to sell its 66 percent stake in Maple Leaf Sports and Entertainment, the company that owns the fabled Maple Leafs of the National Hockey League, as well as the Raptors of the National Basketball League. Other assets include Toronto’s Air Canada Centre, where the two teams play, and the Toronto FC soccer club. The Maple Leafs team is one of professional hockey’s most legendary and valuable franchises, having won 11 Stanley Cup hockey championships. It hasn’t, however, won a NHL championship since 1967, the longest drought of any team in the league. The Ontario pension is reportedly seeking between C$1.3 billion and C$1.5 billion ...
14 March 2011•2 mins read
