Michael Andlauer Acquires Ottawa Senators for Record $1 Billion
Michael Andlauer has agreed to acquire the NHL's Ottawa Senators from the estate of Eugene Melnyk for almost $1 billion, with the Melnyk estate retaining a 10% interest in the club. The deal is still subject to league approval. The Senators are the first Canadian hockey team to hit the market since the Toronto Maple Leafs in 2012, and one of the new owner's biggest early priorities will be a new arena location. Andlauer is a minority owner in the NHL's Montreal Canadiens and the owner/chairman of the OHL's Hamilton Bulldogs.