The Globe and Mail reports in its Tuesday edition that the Ontario Municipal Employees Retirement System has closed a $400-million (U.S.) deal to buy an indirect 5-per-cent share of Maple Leaf Sports and Entertainment, the parent company of hockey's Toronto Maple Leafs and basketball's Raptors, from part owner Larry Tanenbaum. The Globe's James Bradshaw writes that the Toronto pension plan is buying a 20-per-cent stake in Kilmer Sports, the holding company owned by Mr. Tanenbaum through which he controls a 25-per-cent share of MLSE; Rogers and BCE each own 37.5 per cent of MLSE. Mr. Tanenbaum keeps 80 per cent of Kilmer and stay on as chair of MLSE, also keeping board seats in the NHL, NBA and Major League Soccer. The transaction, worth $547-million at exchange rates cited by OMERS, values full ownership of MLSE at about $8-billion (U.S.). OMERS will be a purely financial investor and will not have a role in operational decisions for MLSE or any of its teams. The pension fund will not have a seat on MLSE's board. Mr. Tanenbaum's plan to sell a stake in MLSE to OMERS first surfaced publicly in June. The deal ran into challenges from Rogers and BCE. Mr. Tanenbaum on Monday cast himself as "a steward of a public trust."