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Thread: MLSE sale

  1. 06-22-2023, 01:46 PM #1
    td1984
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    MLSE sale

    With Tannenbaum selling his shares of MLSE to the teachers pension plan for $8 billion not sure if this will affect the Argos or not and if the teachers will want to own the team?
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  2. 06-22-2023, 01:49 PM #2
    Treblecharger1
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    Should not have any effect... The way MLSE operates is all parties need to say YES at the board table for something to happen. So as long as Bell Media see's a value in owning the Toronto Argonauts that team is not going anywhere. I think what you will see happen is Bell and Rogers split the % Larry is putting up. Eventually Bell and Rogers will own 50/50 I am guessing.
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  3. 06-22-2023, 02:06 PM #3
    Scooter McCray
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    I don't believe he is selling all his shares, and it is to OMERS not Teachers.
    GO ARGOS!!!
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  4. 06-22-2023, 02:53 PM #4
    AngeloV
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    Quote Originally Posted by Treblecharger1 View Post
    Should not have any effect... The way MLSE operates is all parties need to say YES at the board table for something to happen. So as long as Bell Media see's a value in owning the Toronto Argonauts that team is not going anywhere. I think what you will see happen is Bell and Rogers split the % Larry is putting up. Eventually Bell and Rogers will own 50/50 I am guessing.
    I agree with this. For starters the NBA and NHL will have to approve any sale. I don’t see the NBA approving anything to OMERS, and thus Rogers and Bell will likely buy his shares, prompting them to both lay off thousands of workers in order to pay for it.
    It's us vs the rest of the country
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  5. 06-22-2023, 05:27 PM #5
    Argo57
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    Quote Originally Posted by AngeloV View Post
    I agree with this. For starters the NBA and NHL will have to approve any sale. I don’t see the NBA approving anything to OMERS, and thus Rogers and Bell will likely buy his shares, prompting them to both lay off thousands of workers in order to pay for it.
    Sounds about right Angelo, the regular workers pay the price while the big execs still cash in their bonuses……wonderful!
    Toronto Argonauts
    18 Time World Champions
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  6. 06-22-2023, 07:07 PM #6
    argolio
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    $8 billion is the entire estimated value of MLSE, not Larry's 25%. He is reportedly only selling some of his shares.

    Bell and Rogers already own over 50% combined of MLSE and are contractually obligated to vote the same at board meetings, so buying more shares doesn't really benefit them.
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  7. 06-22-2023, 07:46 PM #7
    gilthethrill
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    Ditch TFC!
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  8. 06-22-2023, 09:14 PM #8
    "Issues"Mcgee
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    Quote Originally Posted by gilthethrill View Post
    Ditch TFC!
    Turn BMO double blue and make it an Argos stadium. TFC can stay though. We have always been the better people in this dynamic.
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