GARRIOCH: Michael Andlauer reaches deal in principle to buy Ottawa Senators
GARRIOCH: Michael Andlauer reaches deal in principle to buy Ottawa Senators
Michael Andlauer's bid, which believed to be worth close to $1 billion US has been moved to the front of the line by the Melnyk estate.
Maybe good news for Senators fans?
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I saw this on a little biography thing of him on a business site:
With a passion for hockey, Michael has been involved with the Hamilton Bulldogs since 2003, first as a co-owner, then sole owner. In 2009, he purchased a share of the 24-time Stanley Cup Champion Montreal Canadiens, Bell Centre and Gillett Entertainment Group (now called evenko) as part of a group headed by Geoff Molson. He stands in as alternate governor for the Habs.
Is that old news? Would that be any sort of conflict?
Part of the deal is that he has to sell his 10% stake in the Canadians. So that will remove any sort of conflict that may occur.