Rogers Communications Inc. continues to have little interest in pursuing an expansion NFL team for Toronto despite soaring profits.
Canada's largest cable TV and cellphone operator is "not interested in investing huge amounts in a thing like that," chief executive officer Ted Rogers said Tuesday after announcing the company's biggest-ever quarter.
He added that the NFL is more likely to expand in California rather than north of the border.
Speculation that Rogers and Larry Tanenbaum, Maple Leaf Sports and Entertainment minority owner and chairman of the board, would team up in pursuit of an expansion squad began last month when their two companies announced a partnership.
At the time Tanenbaum said, "We're working together on a number of initiatives and the NFL may be one."
Rogers was much cooler to the notion, describing the projected expansion fee of $1 billion (U.S.) as "a harem-scarem thing."
"We're trying to pay down our debt and increase dividends a little bit and strengthen our base," he said last month. "We don't want to do any harem-scarem thing."
The communications giant also owns the Toronto Blue Jays and their home, the Rogers Centre.
On Tuesday, Rogers Communications Inc. announced that it is more than doubling its dividend and splitting its stock after third-quarter net income tripled.