Maple Leaf Sports & Entertainment
2127636
223747494
2008-07-05T16:16:42Z
65.95.63.105
/* Ownership */
{{Infobox Company
| name = Maple Leaf Sports & Entertainment Ltd.
| company_logo = [[Image:MLSE logo.gif|310px]]
| type = [[Private company|Private]]
| foundation = [[1931]] (as Maple Leaf Gardens Ltd.)<br />[[1998]] (present name)
| location = [[Air Canada Centre]], [[Toronto]], [[Ontario]]
| key_people = [[Larry Tanenbaum]], Chairman<br /> [[Richard Peddie]], President and CEO
| industry = [[Sport]]s, [[Property management]]
| products = [[Professional sports|Professional sports teams]], [[Arena]]s, [[BMO Field]], [[Leafs TV]], [[Raptors NBA TV]] <!-- Maple Leaf Square is under construction -->
| revenue =
| operating_income =
| net_income =
| num_employees =
| owner = [[Ontario Teachers' Pension Plan]] (58%)<br /> [[CTVglobemedia]] (15%)<br /> [[Toronto-Dominion Bank|TD Bank Financial Group]] (14%)<br /> Kilmer Sports Inc. (13%)
| subsid = [[Toronto Maple Leafs]], [[Toronto Raptors]], [[Toronto Marlies]], [[Toronto FC]]
| slogan =
| homepage =
| footnotes = '''[[Enterprise value]]''' [[Image:green up.png]]$1.75 billion [[United States dollar|USD]] (2008)<ref name=MLSE/>
}}
'''Maple Leaf Sports & Entertainment Ltd.''' ('''MLSE''') is the owner and operator of the [[Toronto Maple Leafs]] [[National Hockey League]] team, [[Toronto Raptors]] [[National Basketball Association]] team, [[Toronto FC]] [[Major League Soccer]] team, and [[Toronto Marlies]] [[American Hockey League]] team — all based in [[Toronto]], [[Ontario]], [[Canada]]. In addition to owning these franchises as well as [[Leafs TV]] and [[Raptors NBA TV]] (the official television stations of the Maple Leafs and Raptors respectively), MLSE is also involved in [[property management]], including ownership of the [[Air Canada Centre]], the home arena of the Maple Leafs and Raptors.
==History==
The corporation's roots were established in 1927, after [[Conn Smythe]] purchased Toronto's premier hockey franchise that had earned [[Stanley Cup]] championships in [[1917-18 NHL season|1918]] (as the Toronto Arenas) and [[1921-22 NHL season|1922]] (as the Toronto St. Pats), and renamed it the Maple Leafs. In 1931, a corporate reorganization resulted in the formation of '''Maple Leaf Gardens Ltd.''', with the Maple Leafs hockey team as the leading subsidiary.
Supermarket tycoon [[Steve Stavro]] led a group to buy the Maple Leafs from the estate of the late [[Harold Ballard]] in 1991. Larry Tanenbaum became a partner in 1996 with a 25% stake in Maple Leaf Gardens Ltd. (MLGL). MLGL purchased the Toronto Raptors and Air Canada Centre in 1998, at which time the company adopted its present name. Stavro sold his stake to [[CTVglobemedia]] in 2003, and the [[Ontario Teachers' Pension Plan]] assumed controlling interest based on equity under the new ownership structure, with Tanenbaum taking over as non-executive chairman. Each owner of MLSE has first right of refusal on any shares sold.
In April 2008, MLSE was reported to be worth $1.75 billion [[United States dollar|USD]],<ref name=MLSE/> according to a valuation commissioned by the company and cited by the [[Toronto Star]]. The newspaper also reported Russian-Canadian billionaire [[Alex Shnaider]] was interested in buying a stake in the sports holding company. In addition, the Toronto Star reported that MLSE is considering the purchase of an [[Premier League|English Premier League]] soccer team.<ref name=MLSE>[http://www.thestar.com/article/417801 Toronto Star - "Leafs owner eyes U.K. soccer"]</ref>
==Ownership==
As of 2003:
*58% - [[Ontario Teachers' Pension Plan]]
*15% - [[CTVglobemedia]]
*14% - [[Toronto-Dominion Bank|TD Bank Financial Group]], through TD Capital Group
*13% - Kilmer Sports Inc. (Owned by [[Larry Tanenbaum]])
Maple Leaf Sports & Entertainment Ltd.
Board of Directors:
*[[Larry Tanenbaum]] - Kilmer Sports (non-executive chairman of the board)
*[[Richard Peddie]] (president and CEO)
*Jim Leech - [[Ontario Teachers' Pension Plan]]
*Robert Bertram - [[Ontario Teachers' Pension Plan]]
*Dean Metcalf - [[Ontario Teachers' Pension Plan|Teachers' Merchant Bank]]
*[[Ivan Fecan]] - CTVglobemedia
*Robert MacLellan - [[Toronto-Dominion Bank|TD Capital Group]]
*Dale Lastman - Goodmans LLP
*Erol Uzumeri - [[Ontario Teachers' Pension Plan|Teachers' Merchant Bank]]
*Robert Bertram will be retiring, but has not yet officially done so. His board seat will be filled by Erol Uzumeri, senior vice-president Teachers' Private Capital.
==Assets==
* [[Toronto Maple Leafs]] professional hockey team (2007 value: $413 million USD (1st in the NHL))<ref>[http://www.forbes.com/lists/2007/31/biz_07nhl_Toronto-Maple-Leafs_312012.html #1 Toronto Maple Leafs - Forbes.com<!-- Bot generated title -->]</ref>**
* [[Toronto Raptors]] professional basketball team (2007 value: $373 million USD (14th in the NBA)) <ref>[http://www.forbes.com/lists/2007/32/biz_07nba_Toronto-Raptors_321933.html #14 Toronto Raptors - Forbes.com<!-- Bot generated title -->]</ref>**
* [[Toronto FC]] [[Major League Soccer]] team (2006 value: $10 million USD (expansion franchise fee))
* [[Toronto Marlies]] [[American Hockey League]]
* [[Air Canada Centre]] multi-purpose arena in downtown Toronto, Canada ($265 million [[Canadian dollar|CAD]])
* [[Leafs TV]] (Toronto Maple Leafs 24 hour television network and one of two networks in North America dedicated to one sports team Raptors TV is the other one)
* Leafs TV HD (an HD simulcast of Leafs TV)
* [[Raptors NBA TV]] (Toronto Raptors 24 hour television network)
* Raptors NBA TV HD (an HD simulcast of Raptors NBA TV)
* [[Maple Leaf Square]] - Residential and Commercial Real Estate Development (to be completed by 2009)
**Note that the valuations done by [[Forbes]] are not based on actual numbers provided by MLSE. In 2003, MLSE was internally valued at over $1 billion CAD by the Ontario Teachers' Pension Plan in its annual report.
==Sports facility management==
* [[BMO Field]] (National Soccer Stadium), home of [[Toronto FC]] and the [[Canadian men's national soccer team]]
* [[Ricoh Coliseum]], home of the [[Toronto Marlies]]
* [[General Motors Centre]], home of the [[Oshawa Generals]]
==Upcoming project==
===Maple Leaf Square===
In April 2005, MLSE announced that they would be working with [[Cadillac Fairview]] (wholly owned subsidiary of Ontario Teachers' Pension Plan) and Lanterra Developments to build [[Maple Leaf Square]], a major entertainment complex situated next to the Air Canada Centre in [[Downtown Toronto]]. The $500 million CAD complex will be a mixed use facility including office space, residential condo towers and {{convert|170000|sqft|m2}} of retail and dining space. It is expected to be completed by 2009.
==See also==
* [[Edmonton Investors Group Limited Partnership]]
* [[Canucks Sports and Entertainment]]
==References==
{{Reflist}}
* Vardi, Nathan. Winning Isn't Everything [http://www.forbes.com/sportsbusiness/forbes/2007/1126/096.html], Forbes, 2007-11-16.
[[Category:Entertainment companies of Canada]]
[[Category:Toronto Maple Leafs]]
[[Category:Toronto Raptors]]
[[Category:Toronto Marlies]]
[[Category:Toronto FC]]
[[Category:Sports business]]
[[Category:Companies based in Toronto]]
[[Category:Companies established in 1931]]
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