Peddie retired as President and CEO of MLSE at the end of 2011 after 14 years on the job, having tripled the value of the company. However, he was often criticized for his inability to end the company's long championship drought. The Leafs haven't won a championship since 1967, and at the time the only other major championship won under MLSE ownership was the 74th Grey Cup in 1986 by the Tiger-Cats. Toronto FC subsequently won in 2017, as did the Raptors in 2019. (The Argonauts' 2017 Grey Cup win came shortly before MLSE announced its purchase of the team.) Though Tom Anselmi briefly took over as President, he was replaced in June 2013 by high-profile executive Tim Leiweke, who had previously run Anschutz Entertainment Group. On August 21, 2014 Leiweke announced that he was stepping down, but would remain in his position until a successor was appointed. MLSE announced on October 29, 2015 that Michael Friisdahl had been hired as Leiweke's successor as President and CEO, and would officially assume his duties in December 2015.