Larry Tanenbaum was appointed Chairman of Maple Leaf Sports & Entertainment in July 2003. He also serves as a Governor of the NBA for the Toronto Raptors, of the NHL for the Toronto Maple Leafs and of Major League Soccer for Toronto FC. Toronto FC is the latest addition to the MLSE sports family, and began play in spring 2007 at the new 20,000 seat BMO Field located on the Exhibition grounds.
Mr. Tanenbaum has shown a long-standing interest in the sports and entertainment industry and was the primary force in bringing an NBA franchise to Toronto. In the early 1990’s, Tanenbaum attempted to move established NBA clubs to Toronto and then, as head of the Palestra Group, he initiated the expansion process that opened the eyes of the NBA to Canada. Although he was unsuccessful in being awarded the initial expansion franchise, Tanenbaum established himself in NBA circles and the city as a legitimate NBA home.
In 1996, Mr. Tanenbaum acquired an interest in the Toronto Maple Leafs of the National Hockey League and Maple Leaf Gardens, Limited (now Maple Leaf Sports & Entertainment). With MLG’s purchase of the Raptors and Air Canada Centre in February 1998, Tanenbaum fulfilled his goal of NBA and NHL ownership in Toronto under the same group.
In 2000, Mr. Tanenbaum was appointed to the Planning Committee of the NBA Board of Governors, a group that charts the course of future direction for the league. In addition to that prestigious posting, he also serves on an NBA task force comprised of players and Board members to further the league’s community outreach efforts, as well as the Labour Relations Committee, which was instrumental in bringing the collective bargaining negotiations between the players and the NBA to a successful conclusion.
Mr. Tanenbaum is currently Chairman and Chief Executive Officer of Kilmer Van Nostrand Co. Limited (KVN), having served as President & CEO from 1968 to 2000. Under his direction, Kilmer developed into a multi-faceted construction operation with operating divisions and subsidiaries covering road building and paving, ready-mix concrete, aggregates, heavy construction, trucking and pipe manufacturing. Through December 2000, Kilmer’s road building, paving and aggregates operations were conducted through Kilmer’s wholly owned subsidiary, The Warren Paving & Materials Group Limited. Mr. Tanenbaum served as Chairman of Warren, which was Canada’s largest asphalt paving company with operations serving approximately 44 communities. Warren’s activities also included major commercial aggregates operations, liquid asphalt trading and distribution and road maintenance. In December 2000, Warren was merged into Lafarge Corporation, North America’s largest diversified supplier of construction materials, with net annual sales of over $4 billion U.S. As a result of this merger, Kilmer became a significant shareholder in Lafarge Corporation, and Mr. Tanenbaum served on the Board of Lafarge North America and chaired its Finance Committee until the 2006 buyout by Lafarge SA.
Kilmer also has significant investment in various sports-related entities, including Insight Sports Ltd, which is a leading sports media company involved in the creation, production, event management and broadcasting, on all platforms, of sports and related lifestyle content. Insight Sports holds equity positions in several Canadian specialty television services including The NHL Network and Score Media and owns and/or operates the World Fishing Network, Goltv and Game TV.
In addition, Mr. Tanenbaum serves as Chairman of Kilmer Capital Partners, a private equity investment fund, which provides equity capital to small to mid-market companies, and is dedicated to building leading companies in partnership with management. Kilmer Capital’s portfolio includes Unisync Group Ltd., Hydropool Industries Inc., McGregor Industries Inc., Algorithme Pharma Inc., and Tribal Sportswear.