NHL Board approves sale of MLSE to BCE-Rogers Staff

6/20/2012 12:10:57 AM

The NHL Board of Governors has unanimously approved the sale of Maple Leafs Sports & Entertainment from the Ontario Teachers' Pension Plan to the partnership of BCE, Inc and Rogers Communications.

The Board of Governors also approved a restructuring of the ownership of MLSE.

The deal allows the BCE-Rogers partnership to take a controlling interest in the NHL's Toronto Maple Leafs, the NBA's Toronto Raptors, the AHL's Toronto Marlies, and Toronto FC of Major League Soccer. MLSE also runs the Air Canada Centre in Toronto.

The sale of MLSE was announced last December. The partnership agreed to buy a majority share of MLSE for $1.32 billion.

The two companies will acquire a combined 79.5 percent of MLSE from the Ontario Teachers' Pension Plan.