The Ottawa Senators Have Found Their New Owner After Months of Trying
In a significant move for the hockey world, Michael Andlauer, a 58-year-old businessman, has been granted approval by the NHL's executive committee to acquire the Ottawa Senators. The sale, worth $950 million and involving the estate of the late Eugene Melnyk, has received the committee's nod following Andlauer's meeting with them last week.
Final Steps and Approval Await
The acquisition encompasses not only the Senators franchise but also the Canadian Tire Centre and its accompanying 75-acre property in Kanata. Pending completion of necessary paperwork, the sale awaits final approval from the NHL's board of governors. A unanimous vote is expected.
A Familiar Face in the Hockey Community
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Andlauer is no stranger to the NHL scene, already serving as an alternate governor for the Montreal Canadiens. He aims to sell his 10% share in the Canadiens to owner Geoff Molson.
Transition Progress and Future Plans
After a comprehensive auction process, Andlauer's consortium reached a preliminary agreement with the Melnyk estate and Galatioto Sports Partners in June. The NHL's scrutiny of Andlauer's group has been successfully concluded.
Active Involvement and Potential Changes
Andlauer is actively engaged in overseeing the Senators' transition. He maintains communication with the board of directors and is in touch with GM Pierre Dorion. Notably, the change in ownership may bring back former president Cyril Leeder to oversee the team's business operations.
Shifting Landscape
The departure of Anthony LeBlanc, the club's former president of business operations, signals changes as the Senators prepare for a new era under Andlauer's ownership.
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