The team that has been reportedly sold is the Canadian Football League’s Grey Cup champion Toronto Argonauts. The buyers? Maple Leaf Sports & Entertainment, who already own the Maple Leafs, Marlies, Raptors and Toronto FC.

There is already some cross ownership between the current ownership groups as MLSE chairman Larry Tanenbaum’s holding company, the Kilmer Group, own the Argos along with Bell Canada.

Add in the fact that the football club plays at BMO Field which is operated by MLSE, there are tons of connections between the groups.

While the sale is not expected to be finalized before Christmas, it is expected to be closed sometime in January 2018.

Approval for the sale will be needed by the CFL board of governors, but that should just be a formality without any bumps in the road.

The Toronto Argonauts were founded in 1873 and are North America’s oldest continuously operated professional football club.