BREAKING | NHL franchise officially sells for enormous amount of money
After months of searching for a new ownership group, the Ottawa Senators have finally sold.
According to Post Media's Bruce Garrioch, the Senators have been sold to 57-year-old Michael Andlauer, who owns the OHL's Hamilton Bulldogs and a part-owner of the Montreal Canadiens. Andlauer will need to sell his portion of the Canadiens franchise in the near future. Garrioch went on to add that the sale is for $950 million USD and that Eugene Melynk's daughter's will retain 10% of the franchise.
A couple hours after the report from Bruce Garrioch, the Ottawa Senators released a statement, confirming that they have entered an agreement to purchase the Senators.
Michael Andlauer also shared a statement regarding the news, saying he's very excited to join the Senators.
The short and long-term future of the team is incredibly bright, and I look forward to getting to know the team, the fanbase and the community.
First and foremost, thank you to my wife and family for their support. Thank you to both the NHL and the Melnyk family for providing me with the opportunity to make this dream a reality. Thank you also to my equity partners on the transaction, who like me are committed to bringing success to the National Capital Region. I would also like to thank my financial advisors at Bulldog Capital Partners."
It's unclear when the deal will be made offciail by the NHL as Andlauer will need to meet with the league's Executive Committee before he can be approved by the Board of Governors.
| POLL | ||
JUIN 13 | 161 ANSWERS BREAKING | NHL franchise officially sells for enormous amount of money Will the Senators make the playoffs next season? | ||
| Yes | 63 | 39.1 % |
| No | 48 | 29.8 % |
| Depends on the moves they make this summer | 46 | 28.6 % |
| See Results | 4 | 2.5 % |
| List of polls | ||
