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Teachers possibly to sell stake in Maple Leafs Sports and Entertainment
Posted by Adrien Griffin Categories: Front Office, NHL, Rumors,
Maple Leafs Sports and Entertainment, the group that owns the Toronto Maple Leafs, is making all kinds of headlines. After the announcement that CEO Richard Peddie will retire at the end of 2011, there’s now talk that the Ontario Teachers’ Pension Plan may be willing to sell their ownership in the company. The Teachers own two-thirds of MLSE and the money they could make selling its stake can seriously help them out. They paid $180-million in 1994 to get their share of what became MLSE, and reports are coming out that there may now be interest in selling that ownership for as much as $1.3 billion.
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