Leafs, Raptors, FC up for sale (UPD: reports - OTPP have withdrawn sale offer)

[Harry22]

Per La Presse in Montreal.

Basically states that the Teachers plan is willing to sell the 66% of their MLSE stake for 1.3 billion$. They hired Morgan Stanley Bank to find investors.

http://lapresseaffaires.cyberpresse...2_acc-manchettes-dimanche_369233_accueil_POS1

Click to read more...

 

[MaskedSonja]

Is this the same group that a month or two ago insisted that MLSE properties were not for sale-with the rumour with Rogers?

Like to see more info...

 

[Dado]

Because Chara wasn't suspended...?

 

[obsenssive*]

Because Chara wasn't suspended...?

ontarian teachers are very protective of american-born habs players.

 

[Confucius]

1.3 billion for for 66 percent of the pension funds share............. still would not be controlling interest. What is the total worth? 2.5- 3 billion..... c'mon

 

[Dado]

I thinks that's the other way round - selling 100% of their 66% share of MLSE.

Call it $2B in market value for the whole burrito.

 

[WpgChris]

Because Chara wasn't suspended...?

 

[waingr0]

It's about god damn time.

 

[berklon]

I wonder if Matt Hulsizer is interested.

 

[Confucius]

I wonder if Matt Hulsizer is interested.

It's a better deal....

 

[Alberta]

Ice Edge will be stepping up any day now...

 

[New User Name]

Queue up the Leafs to Hamilton rumors .

Good and then we can get a real team at the ACC

 

[danishh]

I was of the understanding that Teachers wanted to keep their stake in the real-estate development, and just sell off their stake in the teams and arenas.

this article doesnt seem to mention that in any way.


edit: also, CBC link in english: http://www.cbc.ca/sports/hockey/story/2011/03/12/sp-mlse-sale-report.html

 

[New User Name]

I wonder if Matt Hulsizer is interested.

With Rob Ford as the new Mayor in Toronto, Hulsizer wouldn't even get a free toilet out of him.

Ford makes the Tea Party people look like left wing commie pinkos

 

[MountainHawk]

Going to be sold to a oil mogul and moved to Houston.

 

[Confucius]

I was of the understanding that Teachers wanted to keep their stake in the real-estate development, and just sell off their stake in the teams and arenas.

this article doesnt seem to mention that in any way.


edit: also, CBC link in english: http://www.cbc.ca/sports/hockey/story/2011/03/12/sp-mlse-sale-report.html

I heard the sportsbar they built next to the ACC makes a million per month in profit. Maybe they'll get into the bar franchise business. They had record viewership for a game on Leafs TV for last Thursday's game, over600,000 viewers.

I guess it's sell high time......

 

[htpwn]

If the whole enterprise is worth approx. $2 billion, how much are the Leafs themselves worth? $700-800 million?

 

[danishh]

If the whole enterprise is worth approx. $2 billion, how much are the Leafs themselves worth? $700-800 million?

forbes says $505, so i'd guess $500-$600 million.

but they're making ~80M a year profit, so you'd expect a higher value.

 

[Skarjak]

The Habs apparently make around 60M$ a year in profits if you include Avenko, and they were rumoured to have been sold for around 500M$, so I can see how the Leafs would be worth closer to 600M$ or more.

 

[Jumptheshark]

just heard how much the teachers have made back on their investment so far

jaw dropping

 

[Alternatively]

anyone?

 

[Killion]

It's about god damn time.

I couldnt agree more, but this (below).......

just heard how much the teachers have made back on their investment so far,,,,,jaw dropping

so why divest themselves of it?. I know its been rumored (Rogers erc) for sometime but really, where else are they going to find that kind of a consistently staggering return?....

 

[obsenssive*]

just heard how much the teachers have made back on their investment so far

jaw dropping

the Ontario Teachers Pension Plan is the second largest of its kind in north america (incl. mexico). only the california teachers plan is bigger.

 

[Melrose Munch]

J Balsillie needs to get in on this!

 

[Killion]

J Balsillie needs to get in on this!

God, can you just imagine that?. Bettman would have Kittens....