Stavro Sells Stake in Maple Leafs
TORONTO (AP) _ Steve Stavro sold his share in the Toronto Maple Leafs on Tuesday after running the hockey team for a decade and handling the acquisition of the Toronto Raptors and the Air Canada Centre four years ago.
Bell Globemedia, owned by BCE Inc. and the family of billionaire Kenneth Thomson, bought Stavro’s 15 percent stake in the company that owns the NHL and NBA teams and the arena.
The 75-year-old Stavro said at a news conference he has ``fulfilled the role as guardian of the Leafs″ to late owner Harold Ballard.
Under a restructuring, the Ontario Teachers’ Pension Fund now owns 58 percent of Maple Leaf Sports & Entertainment, Bell Globemedia has 15 percent, TD Capital increased its share to 14 percent and Kilmer Sports, owned by Larry Tannenbaum, increases to 13 percent.