Today, Toronto Sun pays tribute to Larry Tanenbaum for his 80th birthday, highlighting his outstanding reputation and respect in Canada. The article highlights Tanenbaum’s unique position, often perceived not only as an owner but also as a paternal figure for Maple Leafs and Raptors players. He was present at important events, from celebrations to playoffs, always accompanied by his wife Judy and lawyer Dale Lastman. Tanenbaum regularly held parties at home in Toronto and sometimes in his cottage, creating an atmosphere of conviviality where everyone felt like one of his children, whether they were Leaf supporters or Raptors.

What makes Tanenbaum’s ascent, history and success all the more surprising is that he was never the formal owner of the teams. Despite this, he was able to establish himself as an influential and respected player in the Canadian sporting world, building a position of strength over 27 years. With remarkable wisdom and subtlety, he established himself as a key intermediary for Leafs and Maple Leaf Sports & Entertainment (MLSE). Its 20% participation in the MLSE, initially valued at $121 million for Raptors, is now worth more than $2 billion, allowing it to acquire a WNBA expansion franchise for Toronto and a European football team, ASSE.

One of Tanenbaum’s most popular traits was his affection for his employees, whom he treated as his own family. He was a man of conviction, even when he did not always share the opinions of his management teams. Rarely, if ever, did the people who were dismissed under his direction – such as Masai Ujiri, Brendan Shanahan or Dave Nonis – fail to express their gratitude. Although he is not a perfect owner, he has left a lasting and positive impression on all those who have had the chance to work with him, and his former collaborators continue to show his admiration.