Okay, that's quite the chunk of change.
This would be the biggest deal in the history of professional sports.
Larry Tanenbaum, who is the chairman of Maple Leaf Sports & Entertainment, is set to sell a share of his holdings for an enterprise value of more than $8 billion, which would be a sports record. The group he's reportedly selling to is OMERS, a pension plan for 540,000 Ontario municipal employees.
MLSE is the professional sports and commercial real estate company whose primary holdings include the Maple Leafs and the NBA's Toronto Raptors, along with the Toronto Argonauts of the Canadian Football League, and Toronto FC of Major League Soccer, as well as their minor league farm teams, the Toronto Marlies of the American Hockey League (AHL), Raptors 905 of the NBA G League and Toronto FC II of the MLS Next Pro.
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