Andlauer Completes Purchase of Senators for Record $950M, Steps Down from Canadiens Role

Michael Andlauer purchased the Ottawa Senators for $950 million, the highest price ever paid for an NHL team.
Andlauer replaces Eugene Melnyk, who passed away earlier this year, as the Senators' owner.
Andlauer plans to build a new arena for the Senators in downtown Ottawa.
Andlauer has divested his minority stake in the Montreal Canadiens after purchasing the Senators.
The Senators deal closed on September 22, 2023, marking the team's official change in ownership.