Sports Bet Pays Off as Omers Reaps 50% Gain on MLSE Investment
Bloomberg 2026-07-10 14:48:45
Context: The Ontario pension fund for government workers, known as OMERS, has achieved a significant return on investment of over 50% in less than three years through its stake in Maple Leaf Sports & Entertainment Ltd. (MLSE), which owns Toronto's major league sports teams. This investment was initially met with skepticism due to its high valuation. The success of this investment has been validated with the recent sale of the remaining shares to Rogers Communications.
Key Facts
- OMERS generated a return of more than 50% in less than three years on an investment tied to Toronto's major league sports teams through its stake in Maple Leaf Sports & Entertainment Ltd. (MLSE).
- The investment was initially viewed as expensive when it was first made, but has since vindicated the pension fund's decision with a substantial profit.
- Rogers Communications has agreed to buy the rest of MLSE, further solidifying the significant value and return on investment for OMERS.