Michael Andlauer to become Owner of Ottawa Senators
After an ongoing buying process for the Ottawa Senators, Michael Andlauer has agreed to purchase the club for $950 million, the team announced Tuesday.
News Release: Senators Sports & Entertainment announces that Michael Andlauer has entered into an agreement to purchase the Ottawa Senators Hockey Club: https://t.co/SsvqkXUipK pic.twitter.com/XrIkECwHkv
— Ottawa Senators (@Senators) June 13, 2023
(All quotes via Ottawa Senators Press Release.)
“My family and I are very excited to be a part of the Ottawa Senators Hockey Club. I believe that the Senators’ fanbase is one of the most passionate in the league and I’m excited to take the franchise’s success both on and off the ice to the next level.
The short and long-term future of the team is incredibly bright, and I look forward to getting to know the team, the fanbase and the community.
First and foremost, thank you to my wife and family for their support. Thank you to both the NHL and the Melnyk family for providing me with the opportunity to make this dream a reality. Thank you also to my equity partners on the transaction, who like me are committed to bringing success to the National Capital Region. I would also like to thank my financial advisors at Bulldog Capital Partners.”
Andlauer has a history in the hockey world, as the 57-year-old spent time in the American Hockey League (AHL) with the Hamilton Bulldogs. The new owner of the Ottawa Senators had partial ownership in 2003, then advanced to majority ownership in 2004. Andlauer would then sell the team to the Montreal Canadiens in 2015 to purchase the Belleville Bulls in the OHL.
Andlauer became the winning bidder for the Senators, jumping just ahead of previous bidders like Snoop Dogg and actor Ryan Reynolds.
The Senators obtain a rich history of hockey, including being a part of seven NHL teams based in Canada. In their time as a franchise, Ottawa won 11 Stanley Cups in their original reign from 1903 to 1934.
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