With NHL hockey and NBA basketball already in the fold, Maple Leafs Sports and Entertainment is considering a move to the pitch.
MLSE president and CEO confirmed to The Toronto Star Tuesday that the ownership group has spoken to Major League Soccer about the a possible expansion franchise for 2007.
"We've done a fair amount of work on this," Peddie told The Star. "Enough that we're going to keep looking at it."
Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs, Toronto Raptors and the Air Canada Centre, is considered one of the most profitable sports and entertainment properties in North America.
The biggest shareholder of MLSE is the Toronto Teachers' Pension Union with 58 percent, followed by Bell Globemedia with 15 percent and TD Capital with 14 percent.
Files from The Toronto Star were used for this report.