The Globe and Mail reports in its Friday edition that Rogers has completed its $4.35-billion acquisition of the final stake of Maple Leaf Sports & Entertainment and handed responsibility for its media division to MLSE chief executive officer Keith Pelley. The Globe's Andrew Willis and Irene Galea write that Rogers is creating a new business unit, Rogers Sports, that brings Rogers sports, media and entertainment businesses together including MLSE and the Toronto Blue Jays. While that unit is being created, Mr. Pelley will take on new responsibilities heading the company's media operations, including Sportsnet, and will remain president and CEO of MLSE. At MLSE, Mr. Pelley oversees most of the company's portfolio of sports teams, which includes the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts. Mark Shapiro will continue to run the Blue Jays. As of June 30, the company had $40-billion in long-term debt. Rogers has said it intends to finance the purchase of the final MLSE stake with "committed liquidity." As of the end of June, Rogers had $6.1-billion in net available liquidity, including $1.7-billion in cash and cash equivalents, and $4.4-billion under bank and other credit facilities.
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