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Maple Leafs Parent Company Rocked By Major Scandal


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Joseph Agosti
July 5, 2023  (4:25 PM)
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The Toronto Maple Leafs parent company Maple Leafs Sports and Entertainment after reports came out regarding unpaid taxes.

MLSE Tax Troubles

Due to a CBC investigation it is now known that MLSE is more than $1 million behind in its property taxes, as well an unpaid bill of $1.18 million that needs to be resolved.
"Maple Leafs Sports and Entertainment — owner of the Toronto Maple Leafs and the Toronto Raptors, among other pro sports franchises — has been named one of Toronto's largest property tax debtors, with an unpaid bill of roughly $1.18 million, dating back to the 2019 tax year." - Via Michael Smee, CBC

The dispute is reportedly over property taxes at BMO Field, where MLSE owned teams like the CFL's Toronto Argonauts and the MLS's Toronto Football Club play out of.
MLSE states that because they are under a "management agreement", they shouldn't be tagged with a property tax fee.
"As is publicly known, MLSE leases two properties on the Exhibition Place grounds, OVO Athletic Centre and Coca-Cola Coliseum, where all rents and taxes for which it is responsible have been duly and punctually paid," the MSLE statement reads.

Optimism For Resolution

There is cause for hope that a resolution will be reached in the near future.
Don Boyle, the CEO of Exhibition Place says that a deal could be reached by the fall.
"He told CBC Toronto he's confident an agreement will be reached. But until that happens, "we would prefer our one tenant who right now is not paying their taxes — and don't believe they should be taxed — we think they should be paying their taxes and then seeing what the results of the appeal are at the end of the day." - Via Michael Smee, CBC

Hopefully a resolution is done in a timely matter.
As Seen in- How one of Toronto's most lucrative companies wound up on the city's list of biggest property tax debtors
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