"I am delighted to announce that I have agreed to increase my ownership stake in MLSE to 25% on the closing of the purchase by Bell and Rogers of Ontario Teachers' Pension Plan's shares in MLSE. The transactions are expected to close in mid 2024 following required regulatory and league approvals.
I want to thank Teachers' for their partnership over the last 15 years. Together, with our dedicated employees, we have built one of the finest sports and entertainment companies in the world.
I am excited to welcome our new partners Bell and Rogers. I am proud this is a Made-in-Canada deal that will bring resources and expertise to help us win on and off the ice, court and pitch. This is a terrific path forward for our teams and our fans. It will ensure MLSE continues to make a positive impact in Toronto and across this great country of ours".