OTTAWA, Ontario — The sale of the Ottawa Senators is lastly official.
The NHL introduced Thursday that the switch of the membership to a gaggle led by Michael Andlauer has been unanimously accredited by the league’s board of governors, and that the transaction has been accomplished.
The Senators stated Andlauer will assume management of the staff’s operations efficient instantly.
The Andlauer group reached an settlement to buy the membership in June for practically $1 billion.
“The Ottawa Senators Hockey Membership is an incredible group, from the gamers, to the workers, to probably the most passionate fan base within the sport,” Andlauer stated in a launch. “My household and I are thrilled to formally be part of Ottawa’s staff and the Ottawa-Gatineau group.
The Senators went up on the market final November following the dying of proprietor Eugene Melnyk, whose daughters are retaining 10% of the staff.
Andlauer was additionally accredited by the American Hockey League’s board of administrators to take possession of the Belleville Senators, Ottawa’s AHL affiliate.
He’s the founder and chief government officer of Andlauer Healthcare Group, which owns health-care provide chain firms, and the founding father of Toronto-based service provider financial institution Bulldog Capital Companions.
His possession group contains Farm Boy grocery retailer co-CEO Jeff York and the Malhotra household, homeowners of Ottawa real-estate growth big Claridge Properties.
NHL deputy commissioner Invoice Daly stated earlier this month that finalizing the sale had been sophisticated by the variety of buyers beneath the Andlauer umbrella.
The approval of the sale was introduced on the opening day of NHL coaching camps.
The Senators haven’t made the playoffs since 2017, when the they fell a aim brief within the Jap Convention last.
