Major Announcement From Gary Bettman

Published September 22, 2023 at 4:23 PM

Big news just in! The National Hockey League has officially given the green light for the sale of the Ottawa Senators. This marks a historic moment for the franchise, as ownership transfers to well-known Montreal entrepreneur Michael Andlauer.

Andlauer, who previously held a 10% stake in the Canadiens organization and played a role in the hiring of General Manager Kent Hughes, is now the proud owner of the Senators. Naturally, this means he'll be divesting his Canadiens shares.

The official announcement can be found on the NHL's website.

In a swift turn of events, Andlauer has already found a buyer for his Canadiens shares, as reported by Renaud Lavoie:

"According to several sources, the shares held by Michael Andlauer within the Canadiens have been bought back by the current shareholders of the franchise. So there is no new investor."
- Renaud Lavoie, TVA Sports

It looks like things are moving fast, and there's a press conference scheduled for tomorrow to address any lingering questions on this exciting development.

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September 22   |   70 answers
Major Announcement From Gary Bettman

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