Quantcast
Home Tags Posts tagged with "otpp"

otpp

260

The potential sports story of the decade for the city of Toronto, and more specifically, fans of the Toronto Maple Leafs is unfolding right before our eyes.  The legitimacy of the potential sale of MLSE to Rogers should not be easily dismissed.  The rumoured sale simply makes sense for all parties involved.  The recent announcement of the pending retirement of MLSE CEO Richard Peddie now starts to bring the picture into focus and adds significant legitimacy to the Toronto Star report of MLSE share sales from the Ontario Teachers Pension Plan (OTPP) to Rogers Inc.  The fact that the Richard Peddie retirement was announced just before this story broke, absolutely stinks of premeditated public transition planning.  Personally, I must admit, I knew there was much more to the Mr. Peddie pending retirement announcement, but, I simply had no idea how deep this rabbit hole would go.  Speculation and associated questions today, from all corners of the sports and business communities is running rampant.  Why would the OTPP sell off their stake in this cash cow?  What Return on Investment can Rogers Inc garner on a $1.3B purchase of an asset generating an approximate $160M in profit each year, especially considering that the real estate assets are thought to be excluded from the deal?