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MLSE's Peddie addresses reports about stepping down

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TSN.ca Staff
11/10/2010 3:32:50 PM
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Richard Peddie was evasive on Wednesday when asked about reports that he is stepping down from his post as President and CEO of Maple Leaf Sports and Entertainment.

"Still speculation," Peddie told TSN. "Not going anywhere for a while yet." 
 
Toronto sports radio station FAN 590 reported that multiple sources were saying that Peddie is done at MLSE and the search is on for his replacement.

"Right now it's just speculation and we have no announcement," MLSE spokeswoman Rajani Kamath told the Canadian Press.

Peddie did discuss his future plans in a general sense.

"Some day I will retire. Given my age that will be sooner than later," Peddie told TSN. "MLSE has had a CEO succession plan for years. Good companies do that. And of course my departure will coincide with my successor coming on board."

Peddie became president of the Toronto Raptors in 1996 and two years later was named President and CEO of Maple Leaf Sports and Entertainment - which owns the Raptors and Toronto Maple Leafs.

Under Peddie, the group expanded its reach further with MLS soccer team Toronto FC, television channels for both the Leafs and Raptors, the opening of the Air Canada Centre and development of the prime real estate surrounding it.

Last month, the group cut the ribbon on Maple Leaf Square - a $500 million project that features two condo towers, a hotel, office space, a team apparel store and a glitzy sports bar.

Richard Peddie (Photo: Graig Abel/ NHLI via Getty Images)

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(Photo: Graig Abel/ NHLI via Getty Images)
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