Particle.news
Download on the App Store
5 ARTICLES
·
last yr.

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

Image
WASHINGTON, DC - JANUARY 22: A view of the Ottawa Senators jersey logo during the first period of the game against the Washington Capitals at Capital One Arena on January 22, 2022 in Washington, DC.

Overview

  • 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.