BREAKING: Montreal Canadiens Get Sold For Over 2.5 Billion Dollars by Michael Andlauer For His 10% Share

In order to take control of the Ottawa Senators, Michael Andlauer had to sell his Montreal Canadiens shares.

As a minority owner of the Montreal Canadiens, Andlauer held only a minute 10% share.





The Molson Family, who own the majority of the Canadiens, purchased his share today after he completely divested from the team.

Despite Andlauer's shares only totaling 10% in the team itself, the valuation is astonishing. Molson family exercised their option to buy Andlauer's 10% share right away for $2.5 Billion.

Shares in Maple Leaf Sports & Entertainment, which includes the Toronto Maple Leafs, Toronto Raptors, and Toronto FC, sold for $8 billion.

As a result of Andlauer's purchase of the Ottawa Senators, had to sell his share in the Canadiens, from the Melnyk Family who will retain 10% in the Ottawa Senators.

Six consecutive seasons have passed without the NHL Senators making the playoffs, and the team will forfeit a first-round pick after Pierre Dorion handled Evgenii Dadonov's trade poorly.

Today, Pierre Dorion resigned because of the consequences.