Valuation snapshotSource: Forbes NBA Valuations, Oct 2025
Latest estimated value
$5.4B
Estimated annual revenue
$380M (Forbes 2025, 2024-25 season)
Implied revenue multiple
14.2x (calc.)
YoY change
+23% (1-yr)
Most recent transaction
Recapitalization
Implied valuation, last tx
~C$17.4B (MLSE, all assets, implied)
Ownership
Controlling ownerMaple Leaf Sports & Entertainment (Rogers Communications — 100% pending Kilmer close)
Ownership stake—
Owner since1998
Acquisition price—
Transaction history
2 on file| Date | Type | Buyer | Seller | Stake | Price | Implied Val | Mult. | Conf. |
|---|---|---|---|---|---|---|---|---|
| 2026-07-06 | Recapitalization | Rogers Communications (toward 100% of MLSE) | Larry Tanenbaum / Kilmer Sports Ventures | 25% of MLSE | C$4.35B | ~C$17.4B (MLSE, all assets, implied) | — | Medium |
| 2025-07-02 | Recapitalization | Rogers Communications (to 75% of MLSE) | BCE (Bell) | 37.5% of MLSE | C$4.7B (~US$3.5B) | ~C$12.5B (MLSE enterprise) | — | High |
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Valuations and revenue estimates on this page are sourced from publicly available reporting and are presented for informational purposes only. SportsCapIQ is not affiliated with the Toronto Raptors, the NBA, or any party referenced. See full methodology and disclaimer.