The Ontario Teachers' Pension Plan (OTTP) said on Friday it was not in talks, nor was it anxious to sell, its majority stake in Maple Leaf Sports and Entertainment, the owner of the Toronto Maple Leafs pro hockey team and the Toronto Raptors pro basketball team.

OTTP President and Chief Executive Jim Leech also said the pension plan, one of Canada's largest, had never received a firm offer for MLSE.

We don't generally comment on rumors about our investment plans or ownership, but because this speculation is continuing, I feel it's important to state that we are not now, nor have we ever been anxious to sell our investment in MLSE.

Teachers' has never had a firm offer to sell our investment and is not now in negotiations to sell our stake in the sports and entertainment giant.

The Toronto Star newspaper reported on Wednesday that Rogers Communications was in talks to buy Teachers' 66 percent stake in MLSE for C$1.3 billion ($1.3 billion).

Canada