In 1967, with mounting losses, the owner of the baseball Maple Leafs sough a buyer to keep the team in Toronto. Maple Leaf Gardens Limited, owner of the Maple Leafs of the NHL, considered purchasing the team, but the deal ultimately fell apart due to concerns about the team's home, Maple Leaf Stadium, which needed up to $250,000 in repairs and whose owner wanted $4 million to purchase it. Harold Ballard, part owner of MLGL, said that the company's interest was due in part to help position itself to go after an MLB franchise for Toronto. The team was subsequently relocated out of Toronto to Louisville, Kentucky.