NHL Ottawa Senators reach handle Michael Andlauer for record rate

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NHL Ottawa Senators reach deal with Michael Andlauer for record price

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Ottawa Senators goaltender Alex Auld (35) stops Nashville Predators’ Patric Hornqvist, right, throughout second-period NHL hockey action in Ottawa, Ontario,Feb 9, 2012.

Fred Chartrand

The National Hockey League’s Ottawa Senators have actually discovered a brand-new owner.

Toronto- based billionaire Michael Andlauer has actually accepted obtain the Senators, setting a record for the greatest rate spent for an NHL group, according to an individual knowledgeable about the matter.

The offer is stated to be valued at almost $1 billion, Sportico previously reported.

Andlauer is currently a minority owner of the Montreal Canadiens and had actually been called out in reports as an interested bidder for the Senators months back. As part of the offer for the Senators, Andlauer will need to offer his stake in the Canadiens, The Athletic reported.

The business person is likewise the CEO of ATS Healthcare Group, which he established in 1991.

The group increased for sale in 2015 after its previous owner, Eugene Melnyk, passed away at62 Melnyk had actually owned the Senators considering that 2003, when he purchased the group for $92 million.

Galatioto Sports Partners led the sale on behalf of the Melnyk household.