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Richard Peddie is the President and CEO of Maple Leafs Sports and Entertainment (MLSE).
Since taking over MLSE, he has tripled its value to over $1.5 billion. As of 2008, the Toronto Maple Leafs, valued at $448 million, are the most valuable franchise in the National Hockey League.
In July, 2006, Peddie made an announcement that Leafs' ticket prices would be lower for the 2006–2007 season, due to the Conservative government's 1% tax cut to the Goods and Services Tax. Peddie was criticized for his statement about MLSE executives that "[they're] not the money-grubbing characters [they're] often made out to be," especially because this "price-lowering" only cemented the sentiment. The savings on each ticket ranged from $0.35 to $1.73. The lower prices were short lived, as they rose by 6% for the 2007–08 NHL season.
Richard Peddie is married to Colleen McAnoy. He is a graduate of the University of Windsor holding both Degree in Business Administration and an Honorary Doctor of Laws.
Peddie claims to have always dreamed of owning a professional basketball franchise, a dream that came true when the Toronto Raptors debuted in the 1995–96 season.
- ↑ Vardi, Nathan. "Winning Isn't Everything", Forbes, 2007-11-16. Retrieved on 2007-11-16.
- ↑ NHL Team Valuations. Forbes (2008-10-30). Retrieved on 2008-10-30.
- ↑ "Are you sitting down? Leafs reduce ticket prices", Toronto Star, 2006-07-05, p. D03. Retrieved on 2007-11-05.
- ↑ Starkman, Randy. "Leafs boost ticket prices amid failure", Toronto Star, 2007-05-05. Retrieved on 2007-11-16.
- ↑ Ellis, Leigh. "Steady Peddie Keeps Toronto Ticking", The Good Point, 2008-12-05. Retrieved on 2008-12-24.