Quote:
Originally Posted by Hondaracer
i figured the share would have been the other portion not the teachers pension plans stake, i'd be suprised if they gave that up even at a billion you would think long term revenue for somthing like the pension plan would be greater than a sale of their majority
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The reason why they want to sell is because they believe they have already maximized all possible "revenue growth" at MLSE. Meaning while they do make profits each year they don't believe these profits will grow by any significant margin. Keep in mind they will still keep all real estate holdings of MLSE even with the sale.
If they sell for 1.3 billion that money can still go towards other investments. OTPP has shares in many companies.