BREAKING: The Ottawa Senators Have Found Their New Owner

Published August 27, 2023 at 12:27

Michael Andlauer, a 58-year-old businessman, has gained the NHL executive committee's approval to acquire the Ottawa Senators. This clearance follows Andlauer's meeting with the committee and his successful bid of $950 million USD to buy the team from the late Eugene Melnyk's estate.

Guided by NHL commissioner Gary Bettman and deputy Bill Daly, the executive committee comprises notable team owners such as Mark Chipman (Winnipeg), Geoff Molson (Montreal), and others. Reliable sources indicate that the sale is on track and could finalize soon.

Once legal formalities conclude, Andlauer and his consortium will complete the purchase, encompassing the Senators, Canadian Tire Centre, and the adjoining 75-acre property. The NHL's board of governors, which is yet to schedule a call, is anticipated to unanimously approve the sale.

Andlauer is recognized as an alternative governor for the Montreal Canadiens. He's also working on selling his 10% share in the Canadiens to Molson.

Andlauer's journey to ownership began with an agreement in principle with the Melnyk estate and Galatioto Sports Partners on June 13. The NHL has completed due diligence on Andlauer.

With the transition to new ownership nearing, Andlauer remains engaged with the Senators' board and general manager Pierre Dorion. Plans for management additions, possibly including the return of former president Cyril Leeder, are underway.

Anthony LeBlanc, the former president of business operations, has recently resigned. This change marks a pivotal phase in the Senators' ownership landscape.
August 27   |   35 answers
BREAKING: The Ottawa Senators Have Found Their New Owner

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