Famous billionaire completely lost ownership of the NBA club after a $3.06 billion deal
Source: hoopsrumors.com
Rogers Communications, the Canadian media giant that previously owned 75% of Maple Leafs Sports & Entertainment, has now taken full control of the parent company of the NBA team Toronto Raptors.
Previously, Rogers Communications held a 75% stake in Toronto, while the remaining 25% was owned by Canadian billionaire Larry Tanenbaum. Tanenbaum has sold his remaining shares for $3.06 billion.
“We are proud to bring these beloved teams together with the rest of Rogers’ divisions to offer fans, viewers, and customers even more,” said Tony Staffieri, President and CEO of Rogers.
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