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Michael Andlauer

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sports2 years ago

"Michael Andlauer's Acquisition of Ottawa Senators Officially Approved by NHL"

The sale of the Ottawa Senators to a group led by Michael Andlauer has been unanimously approved by the NHL's board of governors, with the transaction now completed. Andlauer, the founder and CEO of Andlauer Healthcare Group, will assume control of the team's operations immediately. The sale comes after the Senators went up for sale last November following the death of owner Eugene Melnyk. Andlauer's ownership group includes Jeff York, co-CEO of Farm Boy grocery store, and the Malhotra family, owners of Claridge Homes.

via ESPN|
#michael-andlauer#nhl#ottawa-senators
sports2 years ago

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.

via ESPN|
#michael-andlauer#nhl#ottawa-senators
sports2 years ago

Toronto billionaire Michael Andlauer buys Ottawa Senators for record price

Toronto-based billionaire Michael Andlauer has agreed to acquire the NHL's Ottawa Senators for a record price of nearly $1 billion, making him the new owner of the team. Andlauer, who is already a minority owner of the Montreal Canadiens, will have to sell his stake in the Canadiens as part of the deal. The Senators went up for sale last year after the death of their previous owner, Eugene Melnyk, who had owned the team since 2003.

via CNBC|
#michael-andlauer#montreal-canadiens#nhl
sports2 years ago

Michael Andlauer to become new owner of NHL's Ottawa Senators.

Michael Andlauer has agreed to purchase 90% and operational control of the Ottawa Senators Hockey Club, subject to approval by the National Hockey League and finalization of the sale process. The Melnyk Estate will retain a 10% interest in the club. Andlauer has a long history in hockey and love of the game, having been involved with the AHL's Hamilton Bulldogs since 2003 and served as alternate governor for the Montreal Canadiens since 2009. He is also the founder and CEO of Andlauer Healthcare Group Inc.

via NHL.com|
#hockey#michael-andlauer#nhl
sports2 years ago

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.

via Sportico|
#arena#eugene-melnyk#michael-andlauer