The NHL's Canadian media rights deal, valued at $5.2 billion over 12 years, is set to expire after next season, prompting expectations for a new agreement that could double that amount. With the rise of streaming, the NHL may seek both traditional and streaming partners, potentially pairing Rogers with Amazon, which has already begun airing exclusive hockey games. As negotiations approach, the landscape has shifted significantly since 2013, emphasizing the need for a modern approach to media rights.
The average NHL team is now valued at $1.92 billion, reflecting a significant rise due to steady revenue growth, a hard salary cap, and a revenue-sharing system. For the 2023-24 season, the league"s hockey-related revenue reached $6.3 billion, an 8.6% increase from the previous year, with record national sponsorship and gate receipts contributing to improved profitability across all franchises.
Blackstone Inc. is nearing a C$7 billion ($5 billion) deal to acquire a minority stake in parts of Rogers Communications Inc.'s wireless infrastructure. This structured-equity transaction aims to help Rogers manage its debt as it pursues a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.
Rogers Communications Inc., Canada’s largest wireless provider, is nearing a C$7 billion ($5.1 billion) structured equity investment to enhance its network and alleviate debt. The Toronto-based company has secured a non-binding term sheet with an unnamed leading global financial investor, while maintaining operational control of its networks.
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