TORONTO (Reuters) - The Ontario Teachers' Pension Plan (OTTP), one of Canada's largest, is shopping around its 66 percent stake in Maple Leaf Sports and Entertainment, the owner of the Toronto Maple Leafs hockey team and the Toronto Raptors basketball team.
"The Ontario Teachers' Pension Plan today stated that it will explore the possibility of selling its 66 percent majority share of Maple Leaf Sports and Entertainment and will
be making no further comment on the matter," the pension fund administrators said over the weekend.
That is a radical change in tone from statements in December that it was not in talks, nor was it anxious to sell the stake in MLSE, which also includes the Toronto Marlies of the American Hockey League and Toronto FC of North America's Major League Soccer.
In December the Toronto Star newspaper reported that Rogers Communications, Canada's biggest wireless company and which also owns cable-TV, media and sports businesses, was in talks to buy the stake in MLSE for C$1.3 billion ($1.3 billion).
The Globe and Mail newspaper on Monday reported that the Teachers' Pension Plan was asking about C$1.5 billion for the stake these days.
Citing high ranking sources at Rogers, the newspaper also said that Rogers has "very little" interest in putting in a bid.
(Reporting by Pav Jordan, editing by Dave Zimmerman)
"The Ontario Teachers' Pension Plan today stated that it will explore the possibility of selling its 66 percent majority share of Maple Leaf Sports and Entertainment and will
be making no further comment on the matter," the pension fund administrators said over the weekend.
That is a radical change in tone from statements in December that it was not in talks, nor was it anxious to sell the stake in MLSE, which also includes the Toronto Marlies of the American Hockey League and Toronto FC of North America's Major League Soccer.
In December the Toronto Star newspaper reported that Rogers Communications, Canada's biggest wireless company and which also owns cable-TV, media and sports businesses, was in talks to buy the stake in MLSE for C$1.3 billion ($1.3 billion).
The Globe and Mail newspaper on Monday reported that the Teachers' Pension Plan was asking about C$1.5 billion for the stake these days.
Citing high ranking sources at Rogers, the newspaper also said that Rogers has "very little" interest in putting in a bid.
(Reporting by Pav Jordan, editing by Dave Zimmerman)
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