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Rogers Receives League Approvals on MLSE Acquisition

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Rogers Communications (NYSE: RCI) has secured all major league approvals to acquire Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion. The approvals from NHL, NBA, CFL, MLS, and AHL will allow Rogers to become a 75% owner of MLSE. The deal, announced in September 2024, has already received Competition Bureau clearance and now only awaits CRTC approval for acquiring an additional indirect interest in Toronto Raptors Network Ltd. CEO Tony Staffieri emphasized that live sports and entertainment are crucial to Rogers' core business strategy as Canada's leading communications company.
Rogers Communications (NYSE: RCI) ha ottenuto tutte le approvazioni delle principali leghe sportive per acquisire la quota del 37,5% di Bell in Maple Leaf Sports & Entertainment (MLSE) per 4,7 miliardi di dollari canadesi. Le autorizzazioni da NHL, NBA, CFL, MLS e AHL permetteranno a Rogers di diventare proprietario al 75% di MLSE. L'accordo, annunciato a settembre 2024, ha già ricevuto il via libera dal Bureau della Concorrenza e ora attende solo l'approvazione del CRTC per acquisire un interesse indiretto aggiuntivo in Toronto Raptors Network Ltd. Il CEO Tony Staffieri ha sottolineato che gli eventi sportivi e di intrattenimento dal vivo sono fondamentali per la strategia aziendale di Rogers, leader nelle telecomunicazioni in Canada.
Rogers Communications (NYSE: RCI) ha obtenido todas las aprobaciones de las principales ligas para adquirir la participación del 37,5% de Bell en Maple Leaf Sports & Entertainment (MLSE) por 4.700 millones de dólares canadienses. Las aprobaciones de la NHL, NBA, CFL, MLS y AHL permitirán que Rogers se convierta en propietario del 75% de MLSE. El acuerdo, anunciado en septiembre de 2024, ya ha recibido la aprobación de la Oficina de Competencia y ahora solo espera la aprobación del CRTC para adquirir un interés indirecto adicional en Toronto Raptors Network Ltd. El CEO Tony Staffieri destacó que los deportes y el entretenimiento en vivo son fundamentales para la estrategia central de Rogers como la principal empresa de comunicaciones en Canadá.
Rogers Communications(NYSE: RCI)는 Bell이 보유한 Maple Leaf Sports & Entertainment(MLSE)의 37.5% 지분을 47억 캐나다 달러에 인수하기 위한 주요 리그들의 모든 승인을 확보했습니다. NHL, NBA, CFL, MLS, AHL의 승인을 통해 Rogers는 MLSE의 75% 지분을 소유하게 됩니다. 2024년 9월에 발표된 이 거래는 이미 경쟁국으로부터 승인을 받았으며, 현재는 Toronto Raptors Network Ltd.의 추가 간접 지분 인수를 위한 CRTC 승인을 기다리고 있습니다. CEO Tony Staffieri는 라이브 스포츠와 엔터테인먼트가 캐나다를 대표하는 통신사인 Rogers의 핵심 사업 전략에 매우 중요하다고 강조했습니다.
Rogers Communications (NYSE : RCI) a obtenu toutes les approbations des principales ligues pour acquérir la participation de 37,5 % de Bell dans Maple Leaf Sports & Entertainment (MLSE) pour 4,7 milliards de dollars canadiens. Les approbations de la NHL, NBA, CFL, MLS et AHL permettront à Rogers de devenir propriétaire à 75 % de MLSE. L'accord, annoncé en septembre 2024, a déjà reçu l'autorisation du Bureau de la concurrence et attend désormais seulement l'approbation du CRTC pour l'acquisition d'une participation indirecte supplémentaire dans Toronto Raptors Network Ltd. Le PDG Tony Staffieri a souligné que les sports et divertissements en direct sont essentiels à la stratégie commerciale centrale de Rogers, leader des communications au Canada.
Rogers Communications (NYSE: RCI) hat alle wichtigen Ligenfreigaben erhalten, um Bells 37,5%-Anteil an Maple Leaf Sports & Entertainment (MLSE) für 4,7 Milliarden kanadische Dollar zu übernehmen. Die Genehmigungen von NHL, NBA, CFL, MLS und AHL ermöglichen es Rogers, 75 % Eigentümer von MLSE zu werden. Der im September 2024 angekündigte Deal hat bereits die Freigabe des Wettbewerbsbüros erhalten und wartet nun nur noch auf die Zustimmung der CRTC für den Erwerb eines zusätzlichen indirekten Anteils an Toronto Raptors Network Ltd. CEO Tony Staffieri betonte, dass Live-Sport und Unterhaltung entscheidend für die Kernstrategie von Rogers als führendem Kommunikationsunternehmen Kanadas sind.
Positive
  • Acquisition of 37.5% stake will make Rogers the majority owner (75%) of prestigious MLSE portfolio
  • Strategic expansion into live sports and entertainment strengthens Rogers' core business
  • Major regulatory hurdles cleared with Competition Bureau approval and all league approvals secured
  • Acquisition provides control over valuable sports franchises and entertainment assets
Negative
  • Significant capital expenditure of C$4.7 billion required for the acquisition
  • Still pending CRTC approval for Toronto Raptors Network Ltd portion
  • Large investment may impact company's financial flexibility and leverage

TORONTO, June 04, 2025 (GLOBE NEWSWIRE) -- Rogers Communications (TSX: RCI.A and RCI.B) (NYSE: RCI) today announced it has received all league approvals to buy out Bell’s 37.5% stake in Maple Leaf Sports & Entertainment (MLSE). 
  
“We’re pleased to have league approvals to expand our ownership of MLSE, one of the most prestigious sports and entertainment organizations in the world,” said Tony Staffieri, President and CEO, Rogers. “As Canada’s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy.” 

Rogers has received approvals from the National Hockey League (NHL), National Basketball Association (NBA), Canadian Football League (CFL), Major League Soccer (MLS), and the American Hockey League (AHL) to become 75% owners of MLSE. 
  
The deal is subject to approval from the CRTC to acquire an additional indirect interest in Toronto Raptors Network Ltd (NBA TV Canada), representing a very small portion of the transaction. Rogers has previously received clearance from the Competition Bureau to proceed with the acquisition. 

In September 2024, Rogers announced a deal to acquire Bell’s stake in MLSE for C$4.7 billion to become majority owner of MLSE. 

About Rogers Communications Inc.
Rogers is Canada’s leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com.

For further information:

Media Relations
media@rci.rogers.com
1-844-226-1338

Investor Relations
investor.relations@rci.rogers.com
1-844-801-4792


FAQ

How much is Rogers paying for Bell's stake in MLSE?

Rogers is paying C$4.7 billion to acquire Bell's 37.5% stake in MLSE.

What percentage of MLSE will Rogers own after the acquisition?

After the acquisition, Rogers will own 75% of Maple Leaf Sports & Entertainment (MLSE).

Which league approvals has Rogers (RCI) received for the MLSE acquisition?

Rogers has received approvals from the NHL, NBA, CFL, MLS, and AHL for the MLSE acquisition.

What regulatory approvals are still pending for Rogers' MLSE acquisition?

The only remaining approval needed is from the CRTC regarding the additional indirect interest in Toronto Raptors Network Ltd.

When did Rogers announce the MLSE stake acquisition from Bell?

Rogers announced the deal to acquire Bell's stake in MLSE in September 2024.
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