Sports Rogers CFO says company evaluating possible sale of Blue Jays

11:21  06 december  2017
11:21  06 december  2017 Source:   theScore

Rogers considering sale of Blue Jays, stake in Cogeco

  Rogers considering sale of Blue Jays, stake in Cogeco Rogers Communications Inc. is considering the sale of such assets as baseball’s Toronto Blue Jays and a stake in media company Cogeco Inc. to free up capital for its main communications businesses. The media giant’s chief financial officer Tony Staffieri said Tuesday at an industry conference that the company is looking for ways to "surface value" from the Blue Jays — which he said is a "very valuable asset for us that we don’t get full credit for." He didn’t discuss who might buy the team, or if a deal would include the domed Rogers Centre, or what they would be worth.

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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.

What the sale to MLSE could mean for the Argos — and the Jays

  What the sale to MLSE could mean for the Argos — and the Jays It’s not about the Blue Jays. That’s what some people at Maple Leaf Sports & Entertainment will tell you, that the tires haven’t even been kicked yet. It’s not about the Blue Jays. That’s what some people at Maple Leaf Sports & Entertainment will tell you, that the tires haven’t even been kicked yet. Rogers Communications will say the same: they will send you a statement that reads, “As we have said, there are no plans to sell the Jays. We continue to look for the best way to get credit for our incredible sports portfolio in our overall company valuation.” Well, we all want to get credit for something, eventually.

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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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Analyst Gregg Zaun fired from Sportsnet .
Gregg Zaun has been fired from Sportsnet due to "inappropriate behaviour and comments" toward female employees.Rick Brace, President of Rogers Media, said in a statement Thursday that the company was terminating the contract of the Blue Jays analyst effective immediately.

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