Canadian businessman Michael Andlauer overcame another hurdle to acquire an NHL club “Ottawa Senators” and is set to officially become the team’s new owner, according to the Ottawa Sun.
In June, Andlauer, 58, reached an agreement to acquire Ottawa, the deal was valued at $950 million. It should be noted that Andlauer met with the NHL’s executive committee and received approval for the purchase of the Senators.
All that remains is for the lawyers to complete all the paperwork before Andlauer and his consortium can officially finalize the purchase of Ottawa.
As soon as the documents are ready and signed, the NHL Board of Governors will approve the sale of the club to Andlauer. The sale requires two-thirds approval from the board, but the vote is expected to be unanimous.
Previously, it was announced that the daughters of the club’s former owner, Eugene Melnyk, Anna and Olivia, would retain a 10% stake.
Last March, Senators owner Eugene Melnick died. After the businessman’s death, the club passed to his daughters, who put the team up for sale.
Andlauer has co-owned another Canadian club since 2009 NHL – Montreal Canadiens in a group led by Jeff Molson.
Source : MatchTV
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