Stelco acquires 40% of Hamilton sports group, the Tiger-Cats
by CM Staff
The existing ownership group will retain majority ownership of HSG and continue to manage the teams.
HAMILTON — Stelco Holdings Inc. has executed agreements with the current owners of Hamilton Sports Group for the purchase of a 40 per cent equity interest in the entities that own the Hamilton Tiger Cats and Hamilton’s Forge FC, as well as the master lease of Tim Hortons Field, a modern 23,000 seat multipurpose stadium located centrally in Hamilton.
The existing ownership group will retain majority ownership of HSG and continue to manage the teams. The Tiger-Cats hosted and played in the Canadian Football League’s 108th Grey Cup championship last month – the team’s second consecutive appearance in the league final.
The Forge FC are one of seven inaugural teams in the Canadian Premier League, winning back-to-back titles in 2019 and 2020 and will compete is the 2022 CONCACAF Champions League. The playing surface at Tim Hortons Field received FIFA approval and has previously hosted 32 international matches during the Pan Am Games and will host an upcoming FIFA World Cup qualification match between Canada and the United States.
Other events scheduled at Tim Hortons Field include the Buffalo Sabres hosting the Toronto Maple Leafs in the NHL’s 2022 Heritage Classic in March of this year, and the 110th Grey Cup which will be hosted by the Tiger-Cats in 2023.
“As part of this partnership Stelco together with both the Ti-Cats and the Forge FC intend to develop a community engagement program focused on youth throughout Hamilton and surrounding communities to increase health and wellness by involving the highest caliber talent available in both football and soccer with our youth,” Stelco Executive Chairman and Chief Executive Officer, Alan Kestenbaum said in a statement.