Toronto Maple Leafs Owner Valued at $8 Billion, Sportico Says

A minority partner in Maple Leaf Sports & Entertainment Ltd. is about to sell shares in a deal that values the Canadian sports company at over $8 billion, according to Sportico.

Larry Tanenbaum, who owns 25% of MLSE, has agreed to sell at least a portion of his stake to the Ontario Municipal Employees Retirement System, the news outlet reported, citing people familiar with the situation that it didn’t identify.

The company’s most valuable assets are the Toronto Maple Leafs hockey club and the Toronto Raptors, Canada’s only National Basketball Association team. The Leafs alone are worth ...