Michael Andlauer Sells 10% Stake in Montreal Canadiens for Record $2.5 Billion

Stake Sold to Molson Family, who Retains Ownership Control; Sale Required following Andlauer's Purchase of Ottawa Senators.

Michael Andlauer sold his 10% minority interest in the Montreal Canadiens for a record $2.5 billion, resulting in a record valuation for a standalone NHL team.
The sale was required as part of the agreement when Andlauer purchased the Ottawa Senators for $950 million in September.
The Molson family, who already owned a controlling stake in the Canadiens, exercised their first right to buy Andlauer's stake.
Besides the Senators, Andlauer's group also acquired the Belleville Senators, Ottawa's American Hockey League affiliate, from the estate of Eugene Melnyk.
Despite having a less than stellar season, the Canadiens have a passionate fan base that permits them to consistently lead the NHL in attendance, with revenues reaching approximately $300 million last season.