Mar 16, 2011, 2:03 PM EST
The ownership of the Toronto Raptors is an interesting mess.
There is a seven-person board that directs Maple Leaf Sports and Entertainment (which owns the Raptors, the NHL’s Maple Leafs and other sporting entities). The Ontario Teachers’ Pension Plan owns Two thirds of that.
But the pension plan has announced it may sell its shares, the Associated Press reports.
The NBA has an ownership transition that has gone slowly not far away in Detroit, while they league took over the team in New Orleans and is looking for an owner — and a financial way — to keep the team in the big easy. Team sales are not necessarily going smoothly right now.
Yet you can imagine demand for this team. Toronto is certainly a big enough market to support a team and the Raptors have a strong and loyal following. It would be interesting to see if a more traditional, single majority owner would change the fortunes of a franchise that has struggled on the court.
- Report: Timberwolves’ Ricky Rubio set to return Monday vs. Dallas 6
- Nike unveils latest signature shoe for Kobe Bryant, the Kobe X (PHOTOS) 11
- Report: Nuggets trying to trade for Brook Lopez 12
- Last summer Carmelo Anthony, Kobe Bryant talked, decided it wouldn’t work together 32
- Jimmy Butler even plans to play defense in the All-Star Game 9
- Damian Lillard “disappointed,” “disrespected” not to make All-Star team 45
- DeMarcus Cousins replaces Kobe Bryant in All-Star game 11
- Tyson Chandler, better than ever, thinking legacy 10