MLG Ventures took Maple Leaf Gardens Ltd. private and the two corporations amalgamated. becoming Maple Leaf Sports & Entertainment Ltd. after its acquisition of the Toronto Raptors in 1998. Initially, the majority owner of MLSE, holding 51% of the company, was MLG Holdings, a corporation controlled by Stavro, with minority shareholders Larry Tannenbaum (25%) and Toronto-Dominion Bank (20%). The other 49% of MLSE was owned by Ontario Teachers' Pension Plan. In 2003 Stavro sold his shares and MLG Holdings was dissolved, leaving Teachers' as majority owners of MLSE.