Quote:
Originally Posted by BigThief
The Ontario Teachers' Pension Plan owned the Leafs for a decade. Not truly a government entity but it was partly sponsored by the Government of Ontario
and it's board members are again partly selected by the same government.
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For a good many years, the Ontario Teachers' Pension Plan had the biggest single pool of investment capital in the world. The purpose of that investment capital (including the ownership stake in MLSE) was to make profits for the fund. The companies it invested in were not controlled either by the Ontario government or by the teachers' union. This is a very different thing from direct ownership by a municipal government.