It appears Tim Leiweke is into his final year as chief executive of Maple Leaf Sports & Entertainment, having informed the company he will step down early next summer.

In a release issued on Thursday morning, the company said Leiweke will continue in his job “until June 30, 2015 or until a successor is appointed,” and that he is leaving to “pursue his goal of owning and operating his own business following his departure from MLSE.”

Leiweke could not immediately be reached for comment.

“It’s an honour to lead MLSE, a world-class organization in a city and a country so passionate about sports,” he said in a release. “But with new opportunities on the horizon, it’s time for me to begin the transition from sports and entertainment executive to entrepreneur.”