LATEST STORIES:

Hamilton film, television studios flourish as productions in filming industry suffer

Leaders campaign on affordability as Singh speaks on Hamilton Mountain

Evening weather forecast for April 25, 2025

Police report missing Hamilton woman found dead in St. Catharines

21-year-old man arrested for drug trafficking in downtown Hamilton

Poilievre lays out plan for first 100 days of a Conservative government

Michael Andlauer reaches US$1B deal to buy Ottawa Senators

  • Updated:
Michael Andlaueur Ottawa Senators
Ottawa Senators logo prior to the second period the game against the Carolina Hurricanes at PNC Arena on April 04, 2023 in Raleigh, North Carolina (Jaylynn Nash/Getty Images).
Share this story...

A group led by Michael Andlauer has reached a deal in principle to buy 90 per cent of the Ottawa Senators on Tuesday.

According to reports, the deal is close to US$1 billion, which is the highest price ever paid for a hockey team.

Andlauer is the lone owner of the Ontario Hockey League’s Bulldogs and a minority owner of the Montreal Canadiens.

“My family and I are very excited to be a part of the Ottawa Senators Hockey Club,” said Andlauer. “I believe that the Senators’ fanbase is one of the most passionate in the league and I’m excited to take the franchise’s success both on and off the ice to the next level.

Following the passing of owner Eugene Melnyk earlier in 2022, the board of directors of Senators Sports & Entertainment initiated the team’s sale process in November 2022.

Melnyk left the franchise to his daughters, Anna and Olivia.

Related Stories