BCE Inc BCE

BCE HAS SPORTS ASSETS WORTH $4.5 BILLION TO SELL

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hUM, JOINTLY OWNED WITH ROGERS!!

Rogers and BCE each own a 37.5 per cent stake in Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs and Raptors, as well as the city’s CFL and MLS teams. Rogers also owns the Toronto Blue Jays, while Bell has a 20 per cent stake in the Montreal Canadiens.

Price estimated a value of $6.7 billion for Rogers’ sports assets and $4.5 billion for that of BCE, which could be “potentially a more motivated seller than Rogers.”

But either company could be tempted to at least consider selling a portion of their sports team ownership, said Heger, who pointed out demand is strong among potential buyers.

https://www.theglobeandmail.com/business/article-telecom-sector-poised-to-shed-assets-amid-slower-growth-and-more/

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Yes, well done Bell. $4.7 billion for Bells 37.5% interest MLSE alone when estimated combined value of Bells 37.5% interest in MLSE together with a 20% interest in Montreal Canadians was estimated at $4.5 billion PLUS Bell did not sell its interest in the Montreal Canadians  PLUS Bell has access for 20 years to content for both the Maple Leafs and Raptors Undoubtably, Bell got a

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HERE IS THE ORIGINAL POST ... Post by flush777 on Sep 08, 2024 5:09pm BCE HAS SPORTS ASSETS WORTH $4.5 BILLION TO SELL hUM, JOINTLY OWNED WITH ROGERS!! Rogers and BCE each own a 37.5 per cent stake in Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs and Raptors, as well as the city’s CFL and MLS teams. Rogers also owns the Toronto Blue Jays, while

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Thanks, Blue Dawn, in addition to the 4 positives (and prediction of share price increase of $2), I forgot the shedding of costs. With the shedding of costs, if sports venue is not a profit center then this is HUGE!