Tanenbaum increases stake in MLSE

CTV/ globemedia agreed to sell half its stake in Maple Leaf Sports & Entertainment Ltd. to Larry Tanenbaum. The acquisition will make him the second largest shareholder in MLSE. “I see no better way to reflect my commitment than to increase my investment,” he said.

Teachers owns 58.4 per cent
Tanenbaum (assuming league approval) will own 20.5 per cent
CTV/globemeida will own 7.7 per cent
With the TD bank owning the remainder

Wilbur should have choice words at 4pm.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s