US EditionRogers hopes to ride MLSE deal, NHL rights extension to higher share price
- Rogers Communications Inc. Plans to increase its share value through sports assets, including a $4.7 billion deal to acquire BCE Inc.'s stake in Maple Leaf Sports & Entertainment, along with a new NHL rights agreement valued at $11 billion starting in 2026-27.
- Rogers Chief Financial Officer Glenn Brandt stated that, combined with its existing assets, the company's total sports assets would be worth around $15 billion.
- Rogers reported a first-quarter profit of $280 million, with increases in media earnings due to higher sports-related revenue.
- CEO Tony Staffieri emphasized that the value of Rogers' sports assets is not reflected in its share price, stating, 'Our priority is to change this.
11 Articles
11 Articles
Rogers hopes sports deals can lift its share price
The chief executive of Rogers Communications Inc. says the company is keen to unlock underappreciated value from its growing collection of sports assets after extending its national hockey broadcast rights and signing a deal to expand its stake in Maple Leaf Sports & Entertainment.
The Chronicle-Journal
Rogers hopes to ride MLSE deal, NHL rights extension to higher share price
TORONTO - The chief executive of Rogers Communications Inc. says the company is keen to unlock underappreciated value from its growing collection of sports assets after extending its national hockey broadcast rights and signing a deal to expand its stake…
Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings - MoneySense
Here’s a round-up of news for Canadian investors this week. Rogers National Bank of Canada Featured RRSP Accounts featured EQ Bank Build your retirement savings with 2.00% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 3.55% in your RRSP when you …
Rogers urges next federal government to ‘encourage’ investment in Canada; eying potential for third-party investment in sports assets - The Wire Report
"We're investing in these appreciating assets because we see a clear path to monetize them," CEO Tony Staffieri said about the company's sports assets. The post Rogers urges next federal government to ‘encourage’ investment in Canada; eying potential for third-party investment in sports assets appeared first on The Wire Report.
Rogers getting 'substantial interest' from investors in MLSE stake
By Ahmad Hathout Rogers executives said Wednesday that the cable giant has been getting “substantial interest” from institutional investors about a stake in Maple Leaf Sports and Entertainment (MLSE). “We’re in discussions with folks who are interested in the assets we own and are soon to acquire,” Rogers CFO Glenn Brandt said during the company’s... Read more »
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