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Rogers Communications to buy out Bell’s share of MLSE for $4.7 billion

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TORONTO – Rogers Communications Inc. is buying out Bell’s 37.5 per cent share of Maple Leaf Sports & Entertainment for C$4.7 billion, giving it 75 per cent ownership of the sports conglomerate.

Rogers and Bell had held equal shares of MLSE, which owns the NHL Maple Leafs, NBA Raptors, CFL Argonauts, MLS Toronto FC and AHL Marlies.

MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns a 25 per cent stake in MLSE. OMERS, a Canadian pension fund, purchased a five percent indirect stake in MLSE in the summer of 2023. through a 20 percent direct stake in Kilmer Sports for US$400 million.

“MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to expand our ownership of these coveted sports teams,” Rogers president and CEO Tony Staffieri said in a statement. “As Canada’s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy.”

Rogers, which owns Sportsnet, already owns Major League Baseball’s Blue Jays and its Rogers Centre home.

The proposed sale puts the value of MLSE in its entirety at C$12.53 billion. Bell said the transaction is expected to close in mid-2025.

In a separate statement, Bell said it plans to use proceeds of the sale “towards reducing debt levels and to support its ongoing transformation from telco to techco with a focus on core growth drivers.”

Bell, which owns TSN, will continue to air games.

Rogers says the deal, subject to league and regulatory approvals, provides Bell with the opportunity to “renew its existing MLSE broadcast and sponsorship rights long-term at fair market value.” This includes access to content rights for 50 per cent of Maple Leafs regional games and 50 percent of Toronto Raptors games for which MLSE controls the rights.

Bell says it has secured content rights for the Leafs and Raptors on TSN for the next 20 years through a long-term agreement with Rogers, subject to league approval. TSN will also continue to broadcast Argonauts and Toronto FC games through independent agreements with the respective leagues.

“We are proud of our time as co-owners of these iconic sports teams, and through this agreement have ensured that fans can count on Bell’s continued support of their teams,” Mirko Bibic, president and CEO of BCE Inc. and Bell Canada, said in a statement. “Today’s announcement demonstrates that we are focused on creating the financial flexibility to support our ongoing transformation and core growth drivers.”

Bell remains official telecom sponsor of the Raptors and will continue sponsorships of the Argonauts and TFC.

The sale, if it goes through, would likely streamline MLSE decision-making.

Rogers and Bell reportedly did not see eye to eye on the merits of a WNBA franchise, with Tanenbaum eventually securing a Toronto team under the Kilmer banner.

“MLSE has been fortunate to have one of the very best ownership groups in sports and entertainment for many years and it has led to MLSE becoming one of the leading organizations in our industry,” MLSE president and CEO Keith Pelley said in a statement.

“As an organization, we are grateful for their contributions, and we remain fully focused on our priorities and further driving a championship mentality across MLSE.”

Rogers said the purchase will not affect its debt leverage “and financing will include private investors.”

“MLSE continues to appreciate significantly, and together with our sports and media assets, we plan to surface more value for shareholders long-term,” said Staffieri. “This agreement also ensures long-term Canadian ownership and investment of these iconic teams.”

Rogers also has “strategic partnerships” with the Vancouver Canucks, Edmonton Oilers, Calgary Flames and NHL. When the transaction closes, Rogers will be the largest owner of MLSE with a controlling interest in 75 per cent of MLSE.

Rogers and Bell closed their deal to acquire an ownership position in MLSE in August 2012 after announcing the purchase from Ontario Teachers’ Pension Plan in December 2011 via a C$1.07-billion bid.

In acquiring 75 per cent equity ownership in MLSE, they formed a holding company to govern their combined ownership position.

At the time, Kilmer Sports increased its 20.5 percent ownership stake to 25 percent.

Whether Rogers looks to expand its share even more remains to be seen. Under their ownership agreement, Rogers and Bell reportedly had the right to buy out Tanenbaum by July 2026.

While not one for the limelight, Tanenbaum has represented the Raptors at the NBA’s board of governors and the Leafs with the NHL.

Follow @NeilMDavidson on X platform, formerly known as Twitter

This report by The Canadian Press was first published Sept. 18, 2024



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Washington mum on Canada’s latest allegations against India, expulsion of diplomats

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OTTAWA – American officials did not condemn India’s response to explosive accusations that its government has been involved in an escalating number of violent crimes in Canada.

On Monday, Ottawa expelled six Indian diplomats after the RCMP said it had credible evidence that Indian agents played a role in extortion, coercion and murder of Canadian citizens on Canadian soil.

U.S. State Department spokesman Matthew Miller would not comment on the substance of these new claims at a news conference on Tuesday, and he did not criticize India’s decision to also expel six Canadian diplomats.

“As we’ve said before, they are serious allegations and we have wanted to see India take them seriously and co-operate with Canada’s investigation. They have chosen an alternate path,” he said.

Miller said the U.S. has long been asking India to co-operate with Canadian authorities. In September 2023, Prime Minister Justin Trudeau announced that Canadian intelligence services were investigating credible information about a potential link between India’s government and the June 2023 killing of Hardeep Singh Nijjar, a Sikh activist, in Surrey, B.C.

Miller’s comments came as an Indian delegation visited Washington to discuss an alleged murder-for-hire plot that U.S. officials revealed last November.

An unsealed indictment alleged an Indian government employee had directed an attempted assassination in the United States, and spoke about others, including Nijjar.

Miller said the visit by what he called the Indian inquiry committee, announced on Monday, was unrelated to the allegations made public by Canadian authorities that same day, calling the timing “completely coincidental.”

White House national security spokesman John Kirby said he would not speak about the Canadian case but said the Indian government’s decision to send an inquiry committee to Washington signals that India is taking the situation seriously.

“I wouldn’t speak for the Canadians one way or another,” he said. “But we have expressed our deep concern about this to our Indian counterparts. They have expressed to us that they are taking it seriously,” Kirby said.

India has insisted Canada has provided it no evidence to back up any of the allegations.

RCMP Commissioner Mike Duheme said the force’s deputy commissioner tried to share evidence with Indian police last week but was rebuffed. This past weekend, deputy foreign affairs minister David Morrison, along with the RCMP, presented evidence to India in meetings held in Singapore.

Canada sought India’s agreement to revoke the diplomatic immunity of the six individuals so they could be interviewed, but India refused.

Foreign Affairs Minister Mélanie Joly said Monday that India’s refusal to co-operate is why Canada declared the six diplomats persona non grata, which is one of the stiffest penalties Canada can impose under the Vienna Convention.

She also said Monday that she had reached out to Canada’s peers in the Five Eyes intelligence alliance about the situation, which includes the U.S. and New Zealand.

New Zealand’s Foreign Minister Winston Peters suggested he would let the judicial processes unfold in a statement that did not mention India.

“The alleged criminal conduct outlined publicly by Canadian law enforcement authorities, if proven, would be very concerning,” Peters wrote on X, saying Ottawa had flagged “ongoing criminal investigations into violence and threats of violence against members of its South Asian community.”

Vina Nadjibulla, research vice-president for the Asia Pacific Foundation, said before these statements that it’s crucial Canada receive support from its allies, possibly through diplomatic moves behind the scenes as well as public statements of support.

“We are in uncharted territory, with implications for the diplomatic relationship as well as for Canada’s public safety and national security,” she said.

Nadjibulla said it was notable that Joly accused active diplomats of involvement in criminality, and that she said violence linked to the Indian government had only increased since Canada made public its concerns about Nijjar’s killing last year.

“Canada did what it thought was necessary,” Nadjibulla said.

“In order for Canada, at this stage, to have any kind of co-operation from India and seek accountability for what has happened, we would need India to feel some pressure; we would need India to feel some reason to co-operate.”

In British Columbia, the Sikh gurdwara where Nijjar was president hosted a news conference at which temple leaders and a Sikh independence group called for India’s consulates in Vancouver and Toronto to be shut down.

Gurkeerat Singh, a spokesman for the Guru Nanak Sikh Gurdwara in Surrey, said that “the safety and the security of Sikhs will still be in question” as long as the missions continued to operate.

Jatinder Singh Grewal of the pro-independence advocacy group Sikhs for Justice, which Nijjar had been involved with, called the consulates “houses of terror” that needed to be shut down.

In Ottawa, NDP Leader Jagmeet Singh called Tuesday for “severe sanctions on Indian diplomats” involved in criminal activity. The RCMP said Monday there were six Indian diplomats it sought to question about violent activities in Canada, and those six are the ones Canada expelled.

Singh said Canada must also ban a Hindu group that has been accused of hate speech by Sikh and Muslim groups.

The House of Commons is not sitting this week, preventing an immediate debate on the matter, but Singh said his party will be asking the House public safety committee to study “other steps we can take to keep Canadians safe.”

The Bloc Québécois asked Tuesday for the government to “intensify collaboration with Canada’s allies in terms of intelligence and solidarity, in the face of such acts.” The Conservatives on Monday denounced Canada’s “extremely concerning” allegations as proof that the government had not taken foreign interference and national security seriously.

The Liberal government is also trying to assure Canadian businesses that it wants trade with India to continue even though allegations of illegal activity caused Ottawa to suspend negotiations for a free-trade deal a year ago.

Trade Minister Mary Ng released a statement acknowledging the uncertainty that businesses and investors may have as a result as the diplomatic expulsions. She said the government will continue to support commercial and economic ties between the countries.

“However, we must consider our economic interests with the need to protect Canadians and uphold the rule of law,” she said. “We will not tolerate any foreign government threatening, extorting or harming Canadian citizens on our soil.”

Ng said the government remains “open to a dialogue” with India and looks forward to continuing a “valued relationship.”

This report by The Canadian Press was first published Oct. 15, 2024.

— With files from Kelly Geraldine Malone, Laura Osman and Brenna Owen



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Washington mum on Canada’s latest allegations against India, expulsion of diplomats

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OTTAWA – American officials did not condemn India’s response to explosive accusations that its government has been involved in an escalating number of violent crimes in Canada.

On Monday, Ottawa expelled six Indian diplomats after the RCMP said it had credible evidence that Indian agents played a role in extortion, coercion and murder of Canadian citizens on Canadian soil.

U.S. State Department spokesman Matthew Miller would not comment on the substance of these new claims at a news conference on Tuesday, and he did not criticize India’s decision to also expel six Canadian diplomats.

“As we’ve said before, they are serious allegations and we have wanted to see India take them seriously and co-operate with Canada’s investigation. They have chosen an alternate path,” he said.

Miller said the U.S. has long been asking India to co-operate with Canadian authorities. In September 2023, Prime Minister Justin Trudeau announced that Canadian intelligence services were investigating credible information about a potential link between India’s government and the June 2023 killing of Hardeep Singh Nijjar, a Sikh activist, in Surrey, B.C.

Miller’s comments came as an Indian delegation visited Washington to discuss an alleged murder-for-hire plot that U.S. officials revealed last November.

An unsealed indictment alleged an Indian government employee had directed an attempted assassination in the United States, and spoke about others, including Nijjar.

Miller said the visit by what he called the Indian inquiry committee, announced on Monday, was unrelated to the allegations made public by Canadian authorities that same day, calling the timing “completely coincidental.”

White House national security spokesman John Kirby said he would not speak about the Canadian case but said the Indian government’s decision to send an inquiry committee to Washington signals that India is taking the situation seriously.

“I wouldn’t speak for the Canadians one way or another,” he said. “But we have expressed our deep concern about this to our Indian counterparts. They have expressed to us that they are taking it seriously,” Kirby said.

India has insisted Canada has provided it no evidence to back up any of the allegations.

RCMP Commissioner Mike Duheme said the force’s deputy commissioner tried to share evidence with Indian police last week but was rebuffed. This past weekend, deputy foreign affairs minister David Morrison, along with the RCMP, presented evidence to India in meetings held in Singapore.

Canada sought India’s agreement to revoke the diplomatic immunity of the six individuals so they could be interviewed, but India refused.

Foreign Affairs Minister Mélanie Joly said Monday that India’s refusal to co-operate is why Canada declared the six diplomats persona non grata, which is one of the stiffest penalties Canada can impose under the Vienna Convention.

She also said Monday that she had reached out to Canada’s peers in the Five Eyes intelligence alliance about the situation, which includes the U.S. and New Zealand.

New Zealand’s Foreign Minister Winston Peters suggested he would let the judicial processes unfold in a statement that did not mention India.

“The alleged criminal conduct outlined publicly by Canadian law enforcement authorities, if proven, would be very concerning,” Peters wrote on X, saying Ottawa had flagged “ongoing criminal investigations into violence and threats of violence against members of its South Asian community.”

Vina Nadjibulla, research vice-president for the Asia Pacific Foundation, said before these statements that it’s crucial Canada receive support from its allies, possibly through diplomatic moves behind the scenes as well as public statements of support.

“We are in uncharted territory, with implications for the diplomatic relationship as well as for Canada’s public safety and national security,” she said.

Nadjibulla said it was notable that Joly accused active diplomats of involvement in criminality, and that she said violence linked to the Indian government had only increased since Canada made public its concerns about Nijjar’s killing last year.

“Canada did what it thought was necessary,” Nadjibulla said.

“In order for Canada, at this stage, to have any kind of co-operation from India and seek accountability for what has happened, we would need India to feel some pressure; we would need India to feel some reason to co-operate.”

In British Columbia, the Sikh gurdwara where Nijjar was president hosted a news conference at which temple leaders and a Sikh independence group called for India’s consulates in Vancouver and Toronto to be shut down.

Gurkeerat Singh, a spokesman for the Guru Nanak Sikh Gurdwara in Surrey, said that “the safety and the security of Sikhs will still be in question” as long as the missions continued to operate.

Jatinder Singh Grewal of the pro-independence advocacy group Sikhs for Justice, which Nijjar had been involved with, called the consulates “houses of terror” that needed to be shut down.

In Ottawa, NDP Leader Jagmeet Singh called Tuesday for “severe sanctions on Indian diplomats” involved in criminal activity. The RCMP said Monday there were six Indian diplomats it sought to question about violent activities in Canada, and those six are the ones Canada expelled.

Singh said Canada must also ban a Hindu group that has been accused of hate speech by Sikh and Muslim groups.

The House of Commons is not sitting this week, preventing an immediate debate on the matter, but Singh said his party will be asking the House public safety committee to study “other steps we can take to keep Canadians safe.”

The Bloc Québécois asked Tuesday for the government to “intensify collaboration with Canada’s allies in terms of intelligence and solidarity, in the face of such acts.” The Conservatives on Monday denounced Canada’s “extremely concerning” allegations as proof that the government had not taken foreign interference and national security seriously.

The Liberal government is also trying to assure Canadian businesses that it wants trade with India to continue even though allegations of illegal activity caused Ottawa to suspend negotiations for a free-trade deal a year ago.

Trade Minister Mary Ng released a statement acknowledging the uncertainty that businesses and investors may have as a result as the diplomatic expulsions. She said the government will continue to support commercial and economic ties between the countries.

“However, we must consider our economic interests with the need to protect Canadians and uphold the rule of law,” she said. “We will not tolerate any foreign government threatening, extorting or harming Canadian citizens on our soil.”

Ng said the government remains “open to a dialogue” with India and looks forward to continuing a “valued relationship.”

This report by The Canadian Press was first published Oct. 15, 2024.

— With files from Kelly Geraldine Malone, Laura Osman and Brenna Owen



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Man, woman charged in theft of 54 anchors in Nova Scotia

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METEGHAN CENTRE, N.S. – Police in Nova Scotia have charged a man and a woman in the theft of 54 anchors.

RCMP say the anchors were stolen overnight on Oct. 9 from a business in Meteghan Centre, about 210 kilometres southwest of Halifax.

A news release from the Mounties says the anchors were worth about $11,000 and the theft was reported on Thursday morning.

Investigators identified a “vehicle of interest,” which they managed to find and flag down later that morning.

The release says officers arrested the car’s occupants — a 45-year-old man and a 41-year-old woman — and charged them with theft over $5,000.

Police say the anchors were recovered at a scrapyard in Yarmouth, N.S.

This report by The Canadian Press was first published Oct. 15, 2024.

The Canadian Press. All rights reserved.



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