Stavro founded MLG Ventures (MLGV) in March 1994 with partners Toronto—Dominion Bank and Ontario Teachers' Pension Plan. MLG Holdings Ltd. (MLGH), of which Stavro owned 80% and TD Bank controlled the remaining 20%, held a 51% ownership stake in MLGV, with the remaining 49% owned by Teachers'. The following month MLGV announced that they had reached an agreement to purchase the 60.3% of MLGL held by Harold's estate for $34 a share or $75 million total, valuing the company at $125 million. The estate still owned Stavro $23 million at the time. Molson also sold its 19.9% of MLGL to MLGV in April 1994 for $25 million. Larry Tanenbaum's company Kilmer Sports purchased a 25% share of MLGH from Stavro in 1996 for a reported $21 million.