Michael Andlauer\u0027s bid, which believed to be worth close to $1 billion US has been moved to the front of the line by the Melnyk estate.
“We believe it is a momentous day for the National Capital Region.”
From there, the agreement will be passed onto the board of governors and though they’re scheduled to meet in New York on June 22, it might be a stretch to have the deal approved by then.Article content Sources say the league liked Andlauer’s vision for the city, his plans for the club’s brand and the ability of his family to try to help bring a Stanley Cup to Ottawa.Article content
Now the work on closing the deal will heat up. That won’t happen in time for the NHL’s board of governors meeting, which is set for later this month in New York. The Melnyk estate announced on Nov. 7 the club was officially up for sale and that GSP had been retained to handle the deal. The only stipulation was a “condition of any sale will be that the team remains in Ottawa.”
The Senators won preferred-bidder status from the National Capital Commission in June 2022 to build a rink on a seven-acre parcel of land at LeBreton Flats.Article content
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