Toronto Star - Rogers to Buy Up Minority Share in Jays

Wednesday, January 21 2004 @ 12:21 PM EST

Contributed by: Pepper Moffatt

According to this Toronto Star report, Rogers is going to purchase the 20% share of the Jays it doesn't own from former majority owner Intebrew S.A. Given the share values mentioned in the article, it appears that Rogers' 100% share in the club is worth in the neighbourhood of $200-250 million. That seems like an awful lot to me, given that the team has reportedly lost $90 million U.S. over the past two seasons. Might this mean another reduction in payroll for 2005?

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