The Globe and Mail reports in its Saturday edition that Toronto just got more homogeneous, less interesting and less important. The Globe's Cathal Kelly writes that with Rogers's buy of BCE's share of Maple Leaf Sports & Entertainment, it is a city of five million so rinky-dink that the same guy owns the hair salon, the hardware store, the grocery and the only bar.
Great cities have variety. You want museums? A great city has a bunch and they are in competition with each other. Out there in the real sports world, Liverpool is not Liverpool without Everton -- a team just over the road that hates it, and is hated back equally. That animus has created two of the world's most recognizable sports brands in a city with half the population of Ottawa.
Everton is for sale. Liverpool's owner, John Henry, could probably afford to buy it. It would be great for business. Think the synergies. But Mr. Henry would not consider doing that, because if he did, his own fans would come to the stadium and burn it down. Liverpool is not a city. It is two soccer clubs with a town hall where John Lennon was born. We think sports-ownership concentration is just fine, but the rest of the world will not be thinking about Toronto at all.
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