January 6, 2015

Friday, May 29, 2015 – Larry Tanenbaum, Chairman of Maple Leaf Sports & Entertainment Ltd. (MLSE), today announced that in light of its expanding breadth of sports leadership talent, MLSE is now focusing its Chief Executive Officer search on appointing a seasoned business executive to lead the organization forward.

“As we’ve continued to amass an unparalleled array of sports leaders at both the executive and team level, the Board of Directors agreed to focus our CEO search on the appointment of a strategic business leader able to enhance MLSE’s unique collection of world-class assets,” said Mr. Tanenbaum.

MLSE also announced that President and CEO Tim Leiweke will continue in his role as the organization conducts its search. “We’ve made remarkable progress with Tim at the helm, and we are pleased that he has agreed to continue as CEO on an interim basis,” said Mr. Tanenbaum.

“It’s a privilege to work with the incredible MLSE team, and it’s a very positive time to be at the company,” said Mr. Leiweke. “We’ve accomplished great things together. I’m happy to be here as long as I’m needed while the organization works to find the right leader to carry the momentum forward.”

MLSE announced on August 21, 2014 that Mr. Leiweke had decided to depart the company on or before June 30, 2015 to pursue new opportunities in the sports and entertainment industry.

Maple Leaf Sports & Entertainment (MLSE) is one of the world’s premier sports and entertainment companies that owns the Toronto Maple Leafs (NHL), the Toronto Raptors (NBA), the Toronto Marlies (AHL), Toronto FC (MLS), Air Canada Centre, Maple Leaf Square and three digital channels — Leafs TV, NBA TV Canada and GOLTV Canada. MLSE has also invested in four of Toronto’s sports facilities — Ricoh Coliseum, home of the Marlies, BMO Field, home of Toronto FC, Lamport Stadium, and the MasterCard Centre for Hockey Excellence, the practice facility for the Maple Leafs and Marlies. MLSE operates and manages events at Ricoh Coliseum and BMO Field.