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MLSE buys GOLtv
January 23, 2009, 5:37 PM
Filed under: GOLtv, MLSE, Toronto FC

A source in the know told me last night that MLSE has purchased GolTV, Canada’s all-soccer network, for about $10-million from Insight Sports in Toronto. GolTV is a digital service that airs European and South American soccer programming.

Toronto businessman Larry Tanenbaum has interests in both MLSE and Insight.

Insight has invested at least $6 million in GolTV since its launch in 2005. The channel lost more than $2 million in each of its first two fiscal years.

MLSE will use GolTV to carry a schedule of games involving its Major League Soccer team, Toronto FC.

Source: Click Here