When news broke Wednesday morning that Rogers had bought out Bell’s ownership stakes in MLSE, it potentially triggered a similarly seismic shift at the team level.
Ed Rogers will now own 75% of the team. Larry Tanenbaum will continue owning 20% of the team, while OMERS will own the remaining 5%. Rogers’ actions related to the Toronto Raptors recently have raised some eyebrows. He had hesitations with the 5 year, $75 million extension that Masai Ujiri eventually signed. Rogers was also opposed to the idea of MLSE pursuing a WNBA team. Tanenbaum landed a WNBA franchise for Toronto through his holding company, Kilmer Sports Inc.