Statement from Lawrence M. Tanenbaum, O.C. Chairman of Maple Leaf Sports & Entertainment (MLSE) and owner of Kilmer Sports Inc. on the sale of Teachers' MLSE shares to Bell and Rogers

TORONTO, Aug. 22, 2012 /CNW/ - I am delighted to welcome my new partners Bell Canada and Rogers Communications to the Maple Leaf Sports & Entertainment family.

To the Ontario Teachers' Pension Fund, my partner for the past 15 years, I thank you and wish you all the best going forward.

This deal could not have happened without the hard work, perseverance and efforts of MLSE's Senior Management Team and support staff, who, along with counterparts in Bell and Rogers, worked tirelessly to see this lengthy and complex sale proceed to completion.  I thank all of you for your support, dedication and shared belief in our future.

I take great pride in having increased my ownership stake in MLSE and look forward to the many opportunities this new partnership with Bell and Rogers will bring to our organization.

SOURCE: Maple Leaf Sports & Entertainment Ltd.

Dale Lastman, Goodmans LLP
416.597.4129 / [email protected]