NEWS
11/16/2011 10:06 EST | Updated 01/16/2012 05:12 EST

Toronto Maple Leafs Next Owners Could Be American Equity Firm

AP

TORONTO - The Toronto Star says a U.S. investment company is interested in buying the parent company of the Toronto Maple Leafs.

The Star says Providence Equity Partners is looking at the Ontario Teachers’ Pension Plan's 80 per cent stake in Maple Leaf Sports & Entertainment.

It's not clear whether the private equity firm has made a formal offer.

Rogers Communications has also shown interest in purchasing MLSE.

It's believed Teachers' is asking $1.5 billion for its stake.

The Star says Rogers, Providence, Teachers and Maple Leaf Sports all declined to comment.

Providence, which is based in Rhode Island, manages more than US$23 billion and has invested in more than 100 companies in 20 countries since it was formed in 1989.

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