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Kestenbaum’s Stelco to Buy 40% of Hamilton Sports Teams, Stadium

Alan Kestenbaum
Alan KestenbaumPhotographer: Cole Burston/Bloomberg

Steelmaker Stelco Holdings Inc. is buying a 40% stake in the professional football and soccer teams in the Canadian city of Hamilton, the latest sports deal for Chief Executive Officer Alan Kestenbaum.

Stelco will acquire minority interests in the Canadian Football League’s Hamilton Tiger-Cats and Forge FC, a soccer club competing in the Canadian Premier League, as well as the master lease for Tim Hortons Field, a 23,000-seat stadium that is home to both teams.