NHL: will a CH owner buy the Senators?

NHL: Will CH owner buy Senators ?


The minority owner of the Montreal Canadiens Michael Andlauer could shell out around $900 million to buy the Ottawa Senators. 

The man of Business and its partners are among the nine finalists who have made an offer for the acquisition of the National Hockey League team, according to what the specialized site Sportico reported on Thursday. 

Andlauer, holder of a business specializing in the transport of health products, has owned the Hamilton Bulldogs since 2002, the Habs' former American League academy club, which became a team in the Ontario Junior League. He then joined the Molson family in 2009 when it acquired CH.

The Torontonian's fortune is around $1.2 billion, which would be enough to add the Senators to his collection, but a group offer is always more tempting. Andlauer is also expected to divest himself of his shares in the Canadiens if he buys the Senators, according to what the Ottawa Sun reported in November.

The concession could sell at cost of $ 900 million, although it is valued at $ 800 million by Forbes. In December 2022, the economic magazine had placed the “Sens” in 24th place of the 32 clubs in terms of value. The construction of a new arena at LeBreton Flats is also a request from Ottawa that the new owners will have to respect.

The consortium that includes Canadian actor Ryan Reynolds is also still in the running, as is seven other groups of investors.