Management, Ownership and Funding
Toronto FC is owned and operated by Maple Leaf Sports & Entertainment Ltd. (MLSE), owners of the National Hockey League's Toronto Maple Leafs and the National Basketball Association's Toronto Raptors. In addition, MLSE contributed towards the cost of the building of the stadium. With a total costs of $62.9 million ($72 million including land), contributions came from multiple sources. MLSE contributed $8 million towards the construction of the stadium and $10 million towards securing the naming rights of the stadium, which they later resold to the Bank of Montreal for $27 million over 10 years. The Canadian Federal Government contributed $27 million, with Ontario's government adding an additional $8 million. Toronto paid $9.8 million and has the ownership of the stadium. (All figures are in Canadian dollars.)
Read more about this topic: BMO Field
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