![]() Pyle for $200,000, who planned to move the team to Philadelphia. Pats up for sale and agreed in principle to sell them to C. Not long after, with the team in trouble financially due to majority owner Querrie having lost a lawsuit to former Toronto Blueshirts owner Eddie Livingstone over ownership of the franchise, Querrie put the St. However, Smythe told Bickell that he was more interested in buying a stake in the team. ![]() The club was playing poorly and minority partner Jack Bickell contacted Smythe about becoming coach of the team. Patricks of the National Hockey League (NHL), which had won Stanley Cup championships in 1918 (as the Toronto Arenas) and 1922, from a group headed by Charles Querrie. The corporation's roots can be traced back to 1927, when Conn Smythe organized a group of investors to purchase Toronto's premier hockey franchise, the Toronto St. See also: History of the Toronto Maple Leafs Founding Maple Leaf Gardens roof under construction, pictured in 1931 In 2012, the Ontario Teachers' Pension Plan (OTPP) sold their 79.53% share of the company for CA$1.32 billion to a joint venture between Rogers Communications and BCE Inc., two of Canada's largest media companies, giving the company an equity value of CA$1.66 billion and an enterprise value of CA$2 billion. Following the death of majority owner Harold Ballard in 1990, Steve Stavro led a controversial bid to buy the company and take it private. Over most of its 80 plus years of existence MLSE was a public company. Most recently, the company completed its purchase of the Argonauts in January 2018. While initially primarily a hockey company, with ownership stakes in a number of minor and junior hockey clubs including the Toronto Marlboros of the Ontario Hockey Association, the company later branched out to own the Hamilton Tiger-Cats of the CFL from the late 1970s to late 1980s, before merging with the Raptors, who were constructing the Air Canada Centre at the time, and adopting their current name in 1998. Smythe transferred his ownership of the Leafs to the company in exchange for shares in MLGL and sold shares in the holding company to the public to help fund construction of the arena. MLSE was founded by Conn Smythe in 1931 as Maple Leaf Gardens Limited (MLGL) to act as a holding company for the Maple Leafs and their planned new arena Maple Leaf Gardens, from which the company got its name. MLSE also manages or has invested in several other sports facilities including BMO Field, home of Toronto FC and the Toronto Argonauts Coca-Cola Coliseum, home of the Marlies Ford Performance Centre, the practice facility of the Maple Leafs and Marlies BMO Training Ground practice facility for Toronto FC and home of Toronto FC II and the TFC Academy and Lamport Stadium, practice facility for the Argonauts. ![]() ![]() In addition, it owns Scotiabank Arena (originally named Air Canada Centre), the home arena of the Maple Leafs and Raptors, and the OVO Athletic Centre (originally named BioSteel Centre), the practice facility for the Raptors. The primary holdings of the company are its major sports franchises, the Toronto Maple Leafs of the National Hockey League, Toronto Raptors of the National Basketball Association, 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, respectively. With assets that include franchises in four of the six major professional sports leagues in the United States and Canada, it is the largest sports and entertainment company in Canada, and one of the largest in North America. ( MLSE) is a professional sports and commercial real estate company based in Toronto, Ontario, Canada. ![]()
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