Who Owns the Toronto Raptors

On February 12, 1998, Maple Leaf Gardens Ltd., lead by Jewish billionaire Larry Tanenbaum purchased 100 percent of the Raptors and the arena the team was building, Air Canada Centre, from Slaight and the Bank of Nova Scotia; Maple Leaf Gardens Ltd. later renamed itself Maple Leaf Sports & Entertainment (MLSE). MLSE paid a reported $467 million, made up of $179 million for the team and $288 million for the arena.