Toronto Maple Leafs Sale Approved By NHL Board Of Governors

UNIONDALE, NY - JANUARY 24: Mikhail Grabovski #84 of the Toronto Maple Leafs celebrates his third-period goal against the New York Islanders with teammate Jake Gardiner #51 of the Toronto Maple Leafs on January 24, 2012 at Nassau Coliseum in Uniondale, New York. The Maple Leafs defeated the Islanders 4-3 after overtime. (Photo by Jim McIsaac/Getty Images)

The NHL governors have approved the sale of the Toronto Maple Leafs to Rogers Communications, Inc. and BCE, Inc.

The Toronto Maple Leafs were officially sold back in December of 2011, but the NHL Board Of Governors has finally approved the sale of the team. The NHL released the following press release announcing the approval.

The National Hockey League’s Board of Governors, at its annual June meeting, today approved unanimously the sale by Ontario Teachers’ Pension Plan Board of its ownership interest in Toronto Maple Leaf Sports & Entertainment Ltd. to an entity comprised of Rogers Communications, Inc. and BCE, Inc., subject to agreement on satisfactory terms of League consent.

The NHL also announced that they have approved the restructuring of the ownership of MLSE. MLSE is the parent company of the Toronto Maple Leafs, the Toronto Raptors, the Air Canada Centre, the AHL's Toronto Marlies and Major League Soccer's Toronto FC.

For more on the Toronto Maple Leafs, visit SB Nation's Leafs blog Pension Plan Puppets and SB Nation's dedicated NHL hub.

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