Michael Andlauer acquires Ottawa Senators for record-breaking price

Michael Andlauer, CEO of Andlauer Healthcare Group Inc., has agreed to purchase the controlling interest of the Ottawa Senators for nearly $1 billion, pending approval from the NHL's board of governors. Andlauer, who owns a 10% stake in the Montreal Canadiens, will divest his stake before taking over the Senators. The sale prohibits moving the team from Ottawa, and Andlauer shared plans for a new arena as part of his bid. The previous owner, Eugene Melnyk, purchased the team out of bankruptcy in 2003 and died in March 2022.