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 127 times

Soccer

Kylian Mbappé's poor form will end - Ancelotti

Kylian Mbappé's poor form will end - Ancelotti

EmailPrintOpen Extended ReactionsCarlo Ancelotti has backed Kylian Mbappé to end his poor run of for...

Leverkusen's Schick nets hat-trick in comeback win

Leverkusen's Schick nets hat-trick in comeback win

Bayer Leverkusen striker Patrik Schick bagged a hat-trick on Saturday to help the German champions b...

Ronaldo's Saudi title hopes hurt by Aubameyang

Ronaldo's Saudi title hopes hurt by Aubameyang

EmailPrintOpen Extended ReactionsCristiano Ronaldo's hopes of lifting his first silverware since mov...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

NBA follows NFL in warning players on burglaries

NBA follows NFL in warning players on burglaries

EmailPrintThe NBA is urging its players to take additional precautions to secure their homes followi...

Sources: Zion (hamstring) not close to returning

Sources: Zion (hamstring) not close to returning

EmailPrintNew Orleans Pelicans star Zion Williamson has undergone multiple treatments on his left ha...

Baseball

Judge giving Soto space amid free agency frenzy

Judge giving Soto space amid free agency frenzy

EmailPrintOpen Extended ReactionsNEW YORK -- Aaron Judge is one of the few people on Earth who can r...

Rockies agree to one-year deal with IF Farmer

Rockies agree to one-year deal with IF Farmer

EmailPrintOpen Extended ReactionsDENVER -- The Colorado Rockies agreed to a one-year deal Saturday w...

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