It was theScore’s holiday party last night… I think… so I’m a little late to the take on this one, but in a morning press conference today at the Air Canada Centre it was announced that Rogers and Bell had put down their swords long enough to co-acquire from the Ontario Teachers’ Pension Fund the cash printing machine that is Maple Leaf Sports and Entertainment.
Yes, the principal owners of TSN and Sportsnet just got into bed together as the proud new owners of the Toronto Maple Leafs, the Raptors, Toronto FC, and sizable stake in Toronto’s booming
future ghetto condo market. Yowza.
It’s an astute move for both companies, I think. Why pay astronomical rights fees to broadcast the most prime content in the country when you can just broadcast it on your own networks and keep all the money in-house?
Don’t get me wrong, it’s disgusting that these co-monopolies can just break the fourth wall, stop pretending like they’re not basically two halves of the same shitty giant mega-company, and protect their own interests while gearing up to ream Canadian consumers up the ass, but for them it’s probably smart, even at the price of $1.32-billion.
What does it mean for the Jays? I honestly have no idea. I’ve seen some folks start speculating that this may have been the reason for what appeared to some as the sudden tightening of Rogers’ purse strings during the Winter Meetings, but that to me doesn’t really make sense. It’s not like they made the purchase with the thought that it wasn’t going to pay for itself. But I’m still a little too foggy to wrap my head around it, though, to be perfectly honest…