Maple Leafs owner group exposed for unpaid tax bill of roughly $1.18 million

CBC has just reported that 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.

While MLSE disputes that charge and claims it is currently in discussions with the city to resolve the issue, the report came to light “at April’s meeting of the city’s general government committee, when the annual list of largest property tax debtors with tax arrears greater than $500,000 was made public.”

“I can’t imagine what it would be like for our city’s administration if the tax money stopped flowing every time somebody raised a concern or an appeal,” Coun. Stephen Holyday said. per CBC. “That’s why people are still expected to remit their taxes, and then the process will unfold in a very organized way and the accounting will be done at the end of that process to straighten it all out.

“But in the meantime, the taxes still have to be paid to the city.”

There seems to be a huge misunderstanding when it comes to MLSE’s operations at the BMO Field. According to CBC, “The company says there’s a difference between its agreement with the city on BMO Field and the other two Exhibition Place properties it leases for the Leaf’s minor league team, the Marlies, and for the Raptors’ practice facility.”

Despite the fact that this sounds like a major issue, MLSE says it’s confident it will be settled fairly at the end of the day.

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