12/21/24
June 20, 2009
Gillett reaches deal to sell Habs to Molson family: The Molson family has emerged as the winner in the bidding war for the Montreal Canadiens. The two sides are to hold a news conference to announce the sale as soon as the deal is finalized. They didn't reveal the sale price or any other details, but reports said Gillett's 80.1-per-cent interest in the team and 100 per cent stake in its arena, the Bell Centre, and event promotion company Gillett Entertainment Group should exceed $500 million and could even top $600 million. Gillet paid $275 million for that package in 2001 and has built it into one of the NHL's most profitable clubs. He is also co-owner of soccer giant Liverpool FC with Dallas Stars owner Tom Hicks.
posted by tommytrump to hockey at 08:40 PM - 1 comment
Good news for Liverpool fans.