Maple Leafs sale ushers in a new era for Toronto sports.

We have officially entered a new era for Toronto Sports.

In an official press release, Rogers Communications Inc. announced on Monday morning that they have now taken full 100% control of Maple Leafs Sports and Entertainment, becoming the sole owners after purchasing the remaining 25% of the sports giant that they did not previously own.

"This is a defining moment for Rogers. Our full ownership of MLSE brings together Canada's premier communications company with Canada's premier sports and entertainment organization,” said Tony Staffieri, President and Chief Executive Officer, Rogers in an official statement published via the Globe and Mail. "It gives us even more opportunity to invest in championship-calibre teams, create unique experiences for customers and fans, and unlock long-term value for shareholders."

There's no question that this will mark a significant change for the sports properties under the Maple Leafs Sports and Entertainment umbrella with Rogers now having sole discretion over the team's major decisions. While this will of course impact the namesake Toronto Maple Leafs, MLSE also includes team's like the NBA's Toronto Raptors, MLS's Toronto FC and the CFL's Toronto Argonauts as well.

The last remaining 25% ownership stake was previously held by Kilmer Sports Inc who receive a staggering $4.35 billion in the sale.

This also marks the end of Larry Tanenbaum's tenure with Maple Leafs Sports and Entertainment after being a key figure in the organization for the last 3 decades.

"We want to recognize Larry Tanenbaum for his contributions to MLSE and to sports in Toronto,” said Edward Rogers on Sunday. "For decades, Larry has helped shape MLSE and we thank him for his partnership and his lasting impact."

Whether or not this will be a change for the better remains to be seen.