Sports

Rogers considering sale of Blue Jays, Cogeco stake

Rogers considering sale of Blue Jays, Cogeco stake

The Blue Jays were ranked by Forbes as the 16th-most valuable Major League Baseball team this year out of 30, worth $1.3 billion.

According to a Bloomberg report, Rogers Chief Financial Officer Tony Staffieri, in a speech to the UBS Global Media and Communications conference Tuesday in NY, said the company plans to free up capital for other investments, however, no deal is imminent.

"To be clear, there isn't anything imminent that we are about to announce", Stafferi told those gathered at Tuesday's conference.

Rogers Communications has owned the Blue Jays since 2000.

Rogers Communications Inc. may be wavering on its commitment toward owning the Toronto Blue Jays.

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But Galappatthige notes that Rogers has other non-core assets including a 37.5 per cent interest in Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs hockey team and Toronto Raptors basketball team, and the Rogers Centre - worth $200 million to $400 million. They team had been valued at $940 million.

Under Rogers' ownership, the Blue Jays have had a record of 1459-1456 with an AL East division title in 2015 and an AL wild-card berth in 2016.

The exact price tag for both the Rogers Centre and the Blue Jays organization was not mentioned by Staffieri, but he did make it clear that his executive board is open to discussions.

The Blue Jays begin spring training on February 23 against the Philadelphia Phillies and will open the 2018 regular season against the New York Yankees on March 29. Atkins said that a potential sale would not have any impact on free agents, payroll for 2018 or negotiations for a renovated Spring Training complex in Dunedin, Fla. Given Rogers' reputation, would you be glad to see the back of them? Share your thoughts in the comments section below.


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