Raptors Parent Company Plans $18.25 Billion Sports Entity After MLSE Buyout

Following the close, we plan to combine our assets into one of the most significant sports ownership, media and entertainment entities globally, Staffieri said. Rogers acquired BCE's 37.5 MLSE stake in 2025, bringing its ownership to 75. MLSE controls the NBA's Raptors, NHL's Maple Leafs, and MLS's Toronto FC. Rogers separately owns MLB's Blue Jays. The company intends to bring in minority investors for the consolidated sports group, using proceeds to reduce debt. CFO Glenn Brandt said the recapitalization process is expected to conclude in late 2026 or early 2027. Current Sportico valuations place the Raptors at 4.66 billion, the Maple Leafs at 4.25 billion, the Blue Jays at 2.9 billion, and Toronto FC at 730 million, a combined 12.5 billion. The broader entity would also incorporate Rogers' Sportsnet media assets. Rogers stock surged nearly 14 Wednesday, closing at 37.48, following guidance of reduced capital spending and stronger free cash flow. First-quarter revenue and earnings largely met analyst expectations.