Michael Andlauer\u0027s bid, which believed to be worth close to $1 billion US has been moved to the front of the line by the Melnyk estate.
The short and long-term future of the team is incredibly bright, and I look forward to getting to know the team, the fanbase and the community.”“We are very pleased to announce that we have entered into an agreement to sell controlling interest of the Senators to Michael Andlauer. Michael represents everything we could have hoped to find coming into this process — a passionate owner who is committed to Ottawa,” Senators governor Sheldon Plener said.
From there, the agreement will be passed onto the board of governors and though they’re scheduled to meet in New York on June 22, it might be a stretch to have the deal approved by then. The late Eugene Melnyk purchased the Senators out of bankruptcy in 2003. It’s believed his daughters, Anna and Olivia, will retain as much as a 10% stake once the deal is approved by the NHL.
Bettman will give the governors an update on the sale, providing details of the agreement in principle and what it took to get there. The sale needs two-thirds approval of the board. That came after Eugene Melnyk’s passing in March 2022. The franchise is part of the massive estate he left to Anna and Olivia, and it has been operating business as usual since his death after a lengthy illness.Taylor planning to celebrate with more than just laundry, pizza this time
That’s why the seven groups that visited the city during Phase 2 of the bidding process in late March and early April met with NCC CEO Tobi Nussbaum to discuss the project.
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