Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Report: Habs 10% stake sold at record valuation

Written by 
Published in Hockey
Wednesday, 01 November 2023 16:30

Michael Andlauer, who bought the Ottawa Senators for $950 million in September, sold his 10% minority interest in the Montreal Canadiens at a record $2.5 billion enterprise value, Sportico reported Wednesday.

The Molson family, which owns a controlling stake in the Canadiens, exercised their option of the first right to buy Andlauer's stake.

As part of the agreement when he bought the Senators, Andlauer was required to sell his Canadiens stake, which is a record for a standalone NHL team.

The Toronto Maple Leafs were part of an $8 billion valuation this summer, but it was part of a stake in Maple Leaf Sports & Entertainment, which also includes the NBA's Toronto Raptors and Major League Soccer's Toronto FC.

Andlauer, the founder and CEO of Andlauer Healthcare Group, had been a minority owner of the Canadiens since 2009, when the Molson family bought the team from George Gillett for $575 million.

Along with the Senators, Andlauer's group acquired Ottawa's American Hockey League affiliate, the Belleville Senators, from the estate of Eugene Melnyk. The Melnyk estate kept a 10% interest in the club.

The Canadiens and Senators did not respond to requests for comment from Sportico, while the NHL declined to comment.

Read 166 times

Soccer

Prince William: PL 3 p.m blackout is 'irritating'

Prince William: PL 3 p.m blackout is 'irritating'

EmailPrintOpen Extended ReactionsPrince William has said he finds the 3 p.m blackout rule "irritatin...

Bruno hits back at Ratcliffe's 'overpaid' comments

Bruno hits back at Ratcliffe's 'overpaid' comments

EmailPrintOpen Extended ReactionsBruno Fernandes has hit back at Sir Jim Ratcliffe's suggestion that...

Rashford, MLS in Tuchel's first England squad

Rashford, MLS in Tuchel's first England squad

EmailPrintOpen Extended ReactionsThomas Tuchel has handed Marcus Rashford a shock recall in his firs...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Injury-plagued Mavs lose Prosper for season

Injury-plagued Mavs lose Prosper for season

EmailPrintOpen Extended ReactionsDALLAS -- Mavericks forward Olivier-Maxence Prosper has undergone s...

Curry hits 4,000 3s: 'Beyond my wildest dreams'

Curry hits 4,000 3s: 'Beyond my wildest dreams'

EmailPrintOpen Extended ReactionsSAN FRANCISCO -- Stephen Curry lost the ball as he crossed the half...

Baseball

Red Sox's Giolito (hammy) to start season on IL

Red Sox's Giolito (hammy) to start season on IL

EmailPrintOpen Extended ReactionsBoston Red Sox right-hander Lucas Giolito will begin the season on...

Rays not moving forward with new stadium plans

Rays not moving forward with new stadium plans

EmailPrintOpen Extended ReactionsThe Tampa Bay Rays, citing hurricanes and costly delays, will not p...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated