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Bell Canada, Kilmer Group buy Toronto Argonauts
Bell Canada and Toronto-based investment company Kilmer Group have reached an agreement to acquire the Toronto Argonauts Football Club from owner David Braley. The transaction is expected to close on Dec. 31. No financial details are available.
The team will begin playing at BMO Field beginning with the 2016 Canadian Football League season. Kilmer Group chair Larry Tanenbaum is also chair of Maple Leaf Sports and Entertainment, which owns BMO Field. Bell Media properties TSN and RDS hold the exclusive media rights to all CFL pre-season and regular season games, as well as the playoffs and the Grey Cup game.
"The Argos and the entire CFL are key to Bell Media's unbeatable array of sports content available to fans across broadband mobile, TV and Internet platforms," said George Cope, president and CEO of Bell Canada and BCE. "Bell has made the industry-leading network and content investments required to deliver the best sports action across every screen consumers may choose. We look forward to cheering on the Double Blue as the 2015 CFL season begins next month on TSN and RDS."