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Ontario Teachers Pension Plan To Increase Share In MLSE to Nearly 80 Per Cent

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Interesting Raptors-related tidbit from the Globe and Mail this afternoon. Apparently in an effort to facilitate their majority share-holder sale in Maple Leaf Sports and Entertainment, the Ontario Teachers Pension Plan will purchase Toronto Dominion's nearly 14 per cent stake, thereby increasing the OTPP full share of ownership in said organization to nearly 80 per cent. What does this mean for the Toronto Raptors and their fans? Not a ton right now, except that the business wheels are still in motion so to speak, and therefore I don't expect any decision on Bryan Colangelo and crew anytime soon. In fact, according to the Globe and Mail report on the transaction, OTPP CEO Jim Leech maintains that this does not signify that a sale is even certain to occur.

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