Toronto Stadium can be sold or renamed

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The owner of Toronto Blue Jess -;Canadian telecom giant Rogers Communications Inc. is looking for options to increase revenue from the management of the baseball club. The company`s chiefs have emphasized that for now the sale of the only Canadian team in MLB is not on the agenda, although it is currently estimated at a record $ 40 billion in its $ 40 billion history (according to Forbes). `As we have already said, there are no plans to sell Jessie, ` she said. `We continue to look for the best way to capitalize on our incredible sport portfolio in our overall assessment of the company. `According to various analysts, the best opportunity to generate fresh capital is currently linked to the Rogers Center. One option is to sell it to an independent investor and subsequently re-hired for long-term use. And the other -;and more likely to be done, is to assign the rights to the name of the facility in downtown Toronto. The stadium near Lake Ontario was built in the late 1980s and opened in 1989 under the name `Sky Doom`. He received his current corporate name in 2005 when Rogers Communications bought the rolling roof for $ 25 million (just about 4% of the construction costs). This happened a year after the mobile and internet provider gained complete control over the club predicted by faq nhl tips for a total investment of around $ 200 million;$ 150 million for 80% of the shares in 2000 and $ 50 million for the remaining stake in 2004.

A possible contract for a new name for the Rogers Center would now bring the company a 9-digit revenue. A similar deal was made earlier this year for the city center where Toronto Maple Leafs play at NHL and Toronto Raptors in the NBA. In August, the Bank of Nova Scotia agreed to pay the Mapple Leaf Sports u0026 Entertainment $ 625 million for a 20-year period in which it would hold the arena`s rights. Currently, it is called the Air Canada Center, and on July 1, 2018, it will be renamed to Scottybank Arina.



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