The Globe and Mail reports in its Thursday edition that Rogers Communications is in talks with investors interested in its sports assets, its executives said Wednesday, as the company seeks to get its share price moving. The Globe's Irene Galea writes that speaking to analysts Wednesday morning, Rogers chief financial officer Glenn Brandt said the company has had "significant interest from various institutional investors" seeking to invest in its sports assets. Rogers is set to take over BCE's $4.7-billion share of Maple Leaf Sports & Entertainment, pending regulatory and league approvals, which will bring its stake in the sports entertainment company to 75 per cent. Once that deal is concluded, Mr. Brandt said, the company believes its share will be worth about $15-billion. Rogers also owns the Toronto Blue Jays. Speaking to shareholders later in the day at the company's annual meeting, Rogers chief executive officer Tony Staffieri said the company is working on a plan to monetize its sports assets over the medium term. "I want to be clear: We're investing in these appreciating assets because we see a clear path to monetize them and to unlock their unrecognized value in our share price," Mr. Staffieri said.
© 2025 Canjex Publishing Ltd. All rights reserved.