The Globe and Mail reports in its Tuesday edition that Rogers Communications has struck a deal to buy the remaining 25-per-cent stake in Maple Leaf Sports & Entertainment from Kilmer Sports Inc. for $4.35-billion, giving it full control over Toronto's top sports teams and bringing it one step closer to its minority sale strategy. The Globe's Irene Galea writes that through the deal, Rogers will own the entirety of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts, adding them to its existing sports holdings, which include the Toronto Blue Jays, the Rogers Centre and Sportsnet. The deal price reflects an MLSE valuation that is more than a third higher than what was implied when Rogers bought out another major stake last year, a reflection of the rapidly growing value of sports assets. It also means Rogers will need to temporarily stretch its balance sheet to accommodate the cost of the acquisition, before unloading a portion of the assets and using those funds to pay down debt. Credit agencies Moody's, S&P and Morningstar DBRS all currently place the company's senior unsecured notes one level above non-investment grade, also known in the industry as "high yield" or "speculative" grade.