Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.
Toronto Raptors team president Masai Ujiri tried to quell rumors that he has friction with Edward Rogers, executive chairman of Rogers Communications, Inc.
Ujiri says he and Edward Rogers have had “the exact same relationship for 10 years” and that it’s “great.”
He was speaking at the Raptors’ media day before training camp.
Ujiri’s comments come nearly two weeks after Rogers Communications announced it was going to acquire rival telecoms stake BCE Inc. of 37.5 percent in Maple Leaf Sports & Entertainment for $4.7 billion.
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The Toronto Star reported in 2021 that Rogers unsuccessfully fought plans to re-sign Ujiri as vice chairman and president of basketball operations, saying he was not worth the amount offered.
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MLSE owns nearly all of Toronto’s professional sports teams, including the Raptors, the NHL’s Maple Leafs, Major League Soccer’s Toronto FC, and the CFL’s Argonauts.
MLSE chairman Larry Tanenbaum, through his holding company Kilmer Sports Inc., owns the remaining 25 percent.
OMERS, a Canadian pension fund, bought an indirect five percent stake in MLSE in the summer of 2023 through a direct 20 percent stake in Kilmer Sports for US$400 million.
Kilmer announced last summer that he was bringing a WNBA franchise to Toronto.
The Toronto Blue Jays are wholly owned by Rogers Communications.
& copy 2024 The Canadian Press
(Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.)
source link https://globalnews.ca/news/10786223/ujiri-has-great-relationship-with-edward-rogers/
