The Weekend Warrior

by Randy Nicholson
on

Another in a series of weekly articles summarizing activity in Leafland during the previous 7 days – with some personal observations, commentary, prospect updates and fun thrown in for good measure.

Ownership changes loom: According to published reports this week, the Toronto Dominion Bank’s shares in Maple Leaf Sports and Entertainment Ltd. are now for sale … several concerns within the ownership group of MLSEL (including both Larry Tanenbaum and Steve Stavro) are said to be interested in acquiring all or part of this package, thought to be worth approximately $120 million CDN … it has been confirmed that a standard agreement is in place whereby any available shares must be offered to the other shareholders in proportion to their current ownership stakes … that means neither Stavro nor Tanenbaum, whose relationship is said by those in the know to be indifferent at best, can gain any more control than they already have … moreover, nothing would really change substantively even if one or the other acquired the TD’s entire position … however, should an outside investor seek to gain control, Stavro and/or Tanenbaum could become important power brokers – as useful in preventing control from shifting as they would be in assisting someone to gain full control … last September, BCE (which controls the CTV network) and the powerful Thomson family announced a new $4-billion joint venture into electronic media … BCE/Thomson is anxious to acquire the broadcast interests of MLSEL, though not necessarily the entire company … if this is not possible Read more»

Defense Statistics

by Megan Sexton
on

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