The latest on the sale of the Ottawa Senators
As Postmedia reported, it’s believed Toronto billionaire Steve Apostolopoulos, who had the highest bid at $1 billion , is the front runner to buy the Senators, with negotiations in the final stage.
A part-owner of the Montreal Canadiens, Andlauer is a member of the NHL’s board of governors and that is a draw for head office. But, if he doesn’t get his bid where it needs to be, then he’ll finish second in this race. Listening to Bettman, it didn’t sound like a sale would be announced anytime soon, but the hope is there will be a deal this coming week.
“They’re taking their time with it and they’re ratcheting up the price,” the source said. “Not only that, they’re also working on the terms and conditions of the sale because they’re in negotiations on more than just purchase price.”The source said that meant, once a deal was in place, it may not take as much time to close on the purchase because a lot of what would need to be done would already have been negotiated.
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