Canadian telecoms company Rogers Communications Inc is considering selling the Toronto Blue Jays Major League Baseball team in an effort to generate cash that could be used in its core business, the company's chief financial officer said.
Right-hander Marcus Stroman was the unanimous pick as Blue Jays Pitcher of the Year after going 13-9 with a 3.09 ERA over 201 innings.
Rogers Communications Inc. may be wavering on its commitment toward owning the Toronto Blue Jays.
Mal Romanin, the club's longtime manager of baseball information fired in October, won the John Cerutti Award, given to the person associated with the day-to-day workings of Blue Jays baseball who displays goodwill, co-operation and character, as exemplified by the late left-hander.
The Toronto-based telecommunications giant wants to get more value for the assets, though no deal is imminent, Staffieri said at the UBS Global Media and Communications conference in NY.
"We can get the exclusive content through renting it", Staffieri said, according to a transcript from the event, adding that the company would "like to get the content without necessarily having the capital tied up on our balance sheet" but that no deal is imminent.
The Blue Jays begin spring training on February 23 against the Philadelphia Phillies and will open the 2018 regular season against the New York Yankees on March 29. Rogers still wants rights to sports programming but doesn't have to own a team to have that, he said, pointing to the company's 12-year deal with the National Hockey League.
Earlier, Rogers had indicated that its is seeking alternative options enhance more value from its portfolio of assets, including the Jays. A record $2 billion was paid for the Los Angeles Dodgers in 2012.
Rogers and Cogeco were not immediately available for a comment.