June 13, 2023

Michael Andlauer reaches deal in principle to buy Ottawa Senators: League sources said Tuesday that Toronto billionaire Michael Andlauer’s bid, which is believed to be worth $950 million U.S., has been moved to the front of the line by New York-based banker Galatioto Sports Partners (GSP) and the estate of late owner Eugene Melnyk.

The deal was confirmed by the club Tuesday morning.

Andlauer has reached an agreement in principle to purchase the Senators. That means his offer has been elevated to the next stage of due diligence and work will now ramp up with the National Hockey League to try to close the deal.

posted by tommybiden to hockey at 08:29 PM - 1 comment

The group that included Snoop seemed like it had great potential for bits, but in this current period I guess we should be happy with anyone that isn't Saudi-backed.

I wonder if this will be the last big four franchise bought for under US$1B.

posted by Ufez Jones at 09:35 PM on June 13, 2023

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