Sports Rogers CFO says company evaluating possible sale of Blue Jays

11:21  06 december  2017
11:21  06 december  2017 Source:   thescore.com

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According to Natalie Wong of Bloomberg, Rogers Communications chief financial officer Tony Staffieri said during a conference in New York this week that the Canadian company is evaluating a possible sale of various assets - including the Toronto Blue Jays .

Rogers Communications is considering selling assets such as baseball’s Toronto Blue Jays and a stake in media company Cogeco Inc. to free up capital for other investments, chief financial officer Tony Staffieri said .

The owners of Canada's lone Major League Baseball team might be considering cashing out.

a group of people sitting around a baseball field© Nick Turchiaro / USA TODAY Sports

According to Natalie Wong of Bloomberg, Rogers Communications chief financial officer Tony Staffieri said during a conference in New York this week that the Canadian company is evaluating a possible sale of various assets - including the Toronto Blue Jays.

Staffieri said a potential sale could allow Rogers to gain more value from its portfolio of assets, while also allowing the company to pursue other investment opportunities, according to Wong. Staffieri added that a potential sale of the Blue Jays is not close.

In the news today, Dec. 6

  In the news today, Dec. 6 In the news today, Dec. 6

Rogers has said before that it’s exploring ways to get more value from its portfolio of assets, including the Blue Jays , though Staffieri’s comments were more specific. The company ’s media business made up about 15 percent of sales last year but only about 3 percent of operating profit, according to

Rogers Communications Inc. is considering selling assets such as baseball’s Toronto Blue Jays and a stake in media company Cogeco Inc. to free up capital for other investments, Chief Financial Officer Tony Staffieri said .

Rogers Communications bought the Blue Jays from Belgian brewing conglomerate Interbrew SA for $165 million in September 2000, under the direction of the corporation's then-president Ted Rogers. Forbes valued the Blue Jays at $1.3 billion this past April, placing them as the 16th-most valuable franchise in MLB.

Despite finishing 10 games below .500 in 2017, the Blue Jays drew an American League-leading 3,203,886 fans to Rogers Centre.

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What the sale of the Argos to MLSE could mean .
What the sale of the Argos to MLSE could mean So the Toronto Argonauts are safe, but they were already safe. The team that has teetered on the edge of dissolution so many times has been purchased, officially, by Maple Leaf Sports & Entertainment, which also owns the Maple Leafs, Raptors, Toronto FC and Marlies. Now, they are in the safest neighbourhood there is.Of course, that does leave the Blue Jays, but this isn’t about them. That’s what some people at Maple Leaf Sports & Entertainment will tell you, that tires haven’t even been kicked yet.

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