Bell Canada and Kilmer Group Acquire the Toronto Argonauts
|Areas||Commercial Real Estate, Corporate and Commercial, Tax|
Goodmans represented The Kilmer Group in a joint acquisition with Bell Canada of the Toronto Argonauts Football Club of the Canadian Football League (CFL) from sports entrepreneur David Braley. Financial terms of the transaction were not disclosed.
Bell Media’s TSN and RDS sports networks have exclusive media rights to all CFL pre-season and regular season games, the Playoffs, and the Grey Cup. The agreement includes TV broadcast, digital properties as well as radio rights for TSN Radio stations in Toronto, Ottawa, Montréal and Vancouver.
The Argos will begin playing at BMO Field beginning with the 2016 CFL season. Located at Toronto’s Exhibition Place and operated by MLSE, BMO Field is also home to MLSE team Toronto FC of Major League Soccer (MLS). Extensively refurbished for the TFC home opener on May 10 and the Toronto 2015 Pan Am Games, the updated BMO Field ensures an optimum playing surface for both MLS and CFL football with features including reinforced natural turf.
Founded in 1873, the Toronto Argonauts are North America's oldest continuously operated professional football club and the oldest pro sports team of any kind on the continent that still operates with its original name.
The Kilmer Group, owned by Toronto businessman Larry Tanenbaum, has been helping to build Canadian businesses through long-term funding and leadership. This has included areas as diverse as heavy construction, building products, cable television, publishing, electronics manufacturing, food processing, sports, clinical research organizations, environmental rehabilitation, and infrastructure development. Current infrastructure projects include the development of the Pan Am Athletes’ Village in partnership with DREAM, and the design, build, and operation of the ONroute Ontario Highway Service Centres with partners HMS Host and Canadian Tire.
Founded in Montréal in 1880, Bell is Canada's largest communications company, providing consumers and business customers with wireless, TV, Internet, home phone and business communications services. Bell Media is Canada's premier multimedia company with leading assets in television, radio, out of home, and digital media. Bell is wholly owned by Montréal's BCE Inc.