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Restructuring must be approved by NBA and NHL

Updated: May 8, 2003, 2:49 PM ET
Associated Press

TORONTO -- Steve Stavro sold his controlling share in the Toronto Maple Leafs, the Toronto Raptors and the Air Canada Centre on Tuesday after running the hockey team for a decade and buying the basketball team and arena four years ago.

Bell Globemedia, owned by BCE Inc. and the family of billionaire Kenneth Thomson, bought part of Stavro's stake in the company that owns the NHL and NBA teams and the arena.

The 75-year-old Stavro said at a news conference he has "fulfilled the ...

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