- Maple Leaf Sports & Entertainment
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Maple Leaf Sports & Entertainment Ltd. Type Private Industry Sports, property management Founded 1931 (as Maple Leaf Gardens Ltd.)
1998 (present name)Headquarters Air Canada Centre, Toronto, Ontario Key people Larry Tanenbaum, Chairman
Richard Peddie, President and CEOProducts Professional sports teams, arenas, BMO Field, sports channels Owner(s) Ontario Teachers' Pension Plan (79.5%)
Kilmer Sports Inc. (20.5%)Subsidiaries Toronto Maple Leafs, Toronto Raptors, Toronto Marlies, Toronto FC References: Enterprise value — $2.25 billion USD (2011)[1] Maple Leaf Sports & Entertainment Ltd. (MLSE) is a professional sports company based in Toronto, Ontario, Canada. Among its properties include the Toronto Maple Leafs National Hockey League team, Toronto Raptors National Basketball Association team, Toronto FC Major League Soccer team, and the Toronto Marlies American Hockey League team. MLSE is also involved in property management, including ownership of the Air Canada Centre, the home arena of the Maple Leafs and Raptors.
Contents
History
The corporation's roots were established in 1927, after Conn Smythe purchased Toronto's premier hockey franchise that had earned Stanley Cup championships in 1918 (as the Toronto Arenas) and 1922 (as the Toronto St. Pats), and renamed it the Maple Leafs. In 1931, a corporate reorganization resulted in the formation of Maple Leaf Gardens Ltd. (MLGL), with the Maple Leafs hockey team as the leading subsidiary.
Supermarket tycoon Steve Stavro led a group to buy the Maple Leafs from the estate of the late Harold Ballard in 1991. Larry Tanenbaum became a partner in 1996 with a 25% stake in MLGL. MLGL purchased the Toronto Raptors and Air Canada Centre in 1998, at which time the company adopted its present name. Stavro sold his stake to CTVglobemedia in 2003, and the Ontario Teachers' Pension Plan assumed controlling interest based on equity under the new ownership structure, with Tanenbaum taking over as non-executive chairman. On December 5, 2008, CTVglobemedia sold half of its 15% stake to Tanenbaum, making Tanenbaum the second-largest stakeholder. Each owner of MLSE has first right of refusal on any shares sold.
In April 2008, MLSE was reported to be worth $1.75 billion USD,[2] according to a valuation commissioned by the company and cited by the Toronto Star. In addition, the Toronto Star reported that MLSE was considering the purchase of an English Premier League soccer team.[2]
It was announced on January 23, 2009, that MLSE will acquire Insight Sports' interest in GolTV, a Canadian digital cable channel devoted to soccer.[3]
On August 20, 2009, Teachers' announced that it agreed to purchase the remaining 7.7% stake in MLSE owned by CTVglobemedia. The transaction is pending league approval.[4]
In November 2009, MLSE applied to the CRTC for a Category 2 digital TV license to operate a general interest sports service provisionally named Mainstream Sports.[5]
On December 1, 2010, the Toronto Star and other reputable media outlets reported that Rogers Communications made a bid to purchase the Ontario Teachers' Pension Plan's 66% stake in MLSE.[6]
Despite denying the reports in December, on March 12, 2011, La Presse reported that the OTPP is looking to sell their 66% majority share in MLSE. The OTPP later released a public statement confirming this.
Ownership
As Of May 10, 2011
- 79.5% – Ontario Teachers' Pension Plan
- 20.5% – Kilmer Sports Inc. (Larry Tanenbaum)
Maple Leaf Sports & Entertainment Ltd. Board Of Directors:
- Larry Tanenbaum – Kilmer Sports (Non-Executive Chairman Of The Board)
- Richard Peddie – President & CEO
- Robert Bertram – Senior Advisor, Ontario Teachers' Pension Plan
- Glen Silvestri – Ontario Teachers' Pension Plan
- Ashvin Malkani – Ontario Teachers' Pension Plan
- Jane Rowe- Ontario Teachers' Pension Plan
- Dale Lastman – Goodmans LLP
Assets
Sports teams
- Toronto Maple Leafs (NHL)
- Valued at $505 million USD, the Maple Leafs are the most valuable team in the NHL.[7]
- Toronto Raptors (NBA)
- Valued at $399 Million USD, the Raptors are the tenth most valuable team in the NBA[8]
- Toronto FC (CONCACAF/MLS)
- Valued at $44 million USD, Toronto FC is the second most valuable team in Major League Soccer[9]
- Toronto Marlies (AHL)
- TFC Academy (Canadian Soccer League)
Facilities and properties
- Air Canada Centre, a multi-purpose indoor arena in Downtown Toronto, home arena of the Maple Leafs and Raptors. ($265 Million CAD)
- Real Sports Bar & Grill, a sports-themed restaurant adjacent to the Air Canada Centre
- e11even, an upscale restaurant near the Air Canada Centre, on the corner of Bremner and York streets.[10]
- Maple Leaf Square, a real estate development in Downtown Toronto, adjacent to Air Canada Centre, developed in partnership with fellow OTPP subsidiary Cadillac Fairview.
Managed by MLSE
MLSE also operates two facilities on behalf of the City of Toronto:
- BMO Field, home of Toronto FC (MLS) and the Canadian men's national soccer team (CONCACAF)
- Ricoh Coliseum, home of the Toronto Marlies (AHL).
Television channels
- Leafs TV, a specialty television channel devoted to the Toronto Maple Leafs and Toronto Marlies
- NBA TV Canada, a local version of NBA TV, also airs programming and coverage for the Toronto Raptors
- GolTV Canada (80.1% holding), a local version of GolTV, is the primary television broadcaster of Toronto FC, along with other international soccer games.
Note that the valuations done by Forbes are not based on actual numbers provided by MLSE. In 2003, MLSE was internally valued at over $1 Billion CAD by the Ontario Teachers' Pension Plan in its annual report. The December 2008 sale of 7.5% of the company to Larry Tanenbaum for $90 Million values the company at $1.2 Billion.
Former facilities
- General Motors Centre, home of the Oshawa Generals (2006–2008)[11]
The arena is owned by the City of Oshawa.
Recent Projects
Maple Leaf Square
In April 2005, MLSE announced that they would be working with Cadillac Fairview (wholly owned subsidiary of Ontario Teachers' Pension Plan) and Lanterra Developments to build Maple Leaf Square, a major entertainment complex situated next to the Air Canada Centre in Downtown Toronto. The $500 million CAD complex will be a mixed use facility including office space, residential condo towers and 170,000 square feet (16,000 m2) of retail and dining space.
The complex was completed in 2010 and features many amenities including the Hotel St. Germain, e11ven restaurant, Real Sports Apparel, Real Sports Bar and Grill, Longos grocery store, and condominium residences along with a connection to the neighbouring Air Canada Centre.
See also
References
- ^ [1]
- ^ a b Toronto Star - "Leafs owner eyes U.K. soccer"
- ^ MLSE will buy GolTV; Slam.Canoe.ca; 2009-01-23
- ^ Teachers' Pension Plan boosting stake in MLSE
- ^ http://www.crtc.gc.ca/eng/archive/2009/2009-803.htm#9
- ^ Rogers to buy Toronto Maple Leafs: Report; LeafsNews.com; 2010-12-01
- ^ #1 Toronto Maple Leafs - Forbes.com
- ^ #11 Toronto Raptors - Forbes.com
- ^ #2 Toronto FC - Forbes.com
- ^ http://www.thestar.com/living/food/article/929480--e11even-slams-diners-into-boards
- ^ New managers talk up benefits of GM Centre
- Vardi, Nathan. Winning Isn't Everything [2], Forbes, 2007-11-16.
External links
Current team owners in the National Basketball Association Eastern Conference Atlantic H. Irving Grousbeck, Wycliffe Grousbeck and Stephen Pagliuca (Boston Celtics)
Mikhail Prokhorov (New Jersey Nets)
Madison Square Garden, Inc. (New York Knicks)
Joshua Harris (Philadelphia 76ers)
Maple Leaf Sports & Entertainment (Toronto Raptors)Central Jerry Reinsdorf (Chicago Bulls)
Dan Gilbert (Cleveland Cavaliers)
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Clayton Bennett (Oklahoma City Thunder)
Paul Allen (Portland Trail Blazers)
Karen Gail Miller and family (Utah Jazz)Pacific Peter Guber and Joe Lacob (Golden State Warriors)
Donald Sterling (Los Angeles Clippers)
Jerry Buss (Los Angeles Lakers)
Robert Sarver (Phoenix Suns)
Maloof family (Sacramento Kings)Toronto Maple Leafs Franchise Franchise • History • Original Six • Players • Coaches • GMs • Seasons • Records • Draft picks • Award winners • BroadcastersArenas Affiliates Toronto Marlies (AHL) • Reading Royals (ECHL)Rivalries Other Toronto Blueshirts • Toronto Arenas • Toronto St. Patricks • Maple Leaf Sports & Entertainment Ltd. • Carlton the Bear • 67: The Maple Leafs, Their Sensational Victory, and the End of an EmpireArenas Head coaches General managers D-League affiliate Administration Owner: Maple Leaf Sports & Entertainment • President and GM: Bryan Colangelo • Head coach: Dwane CaseyDivision titles (1) Rivals Culture and lore Media TV: NBA TV Canada • TSN • TSN2 • Rogers Sportsnet • Rogers Sportsnet One • Radio: CJCL • Announcers: Matt Devlin • Leo Rautins • Jack Armstrong • Sherman Hamilton • Paul Jones • Eric Smith • David AmberToronto FC The Club Stadiums Culture and Fan Base Rivalries Key Personnel Owner: Maple Leaf Sports & Entertainment • Director of Player Development: Paul Mariner • Head Coach and Technical Director: Aron WinterHonors (3)Canadian Championship (3) 2009 • 2010 • 2011Seasons (5) 2007 • 2008 • 2009 • 2010 • 2011Website: torontofc.caCategories:- Entertainment companies of Canada
- Toronto Maple Leafs
- Toronto Raptors
- Toronto Marlies
- Toronto FC
- Sports management companies
- Companies based in Toronto
- Companies established in 1931
- Privately held companies of Canada
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