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.
“I want to thank Anna and Olivia Melnyk for their dedication and support to the board of directors and executors of the estate during this process. We would also like to recognize the ongoing efforts of the NHL and the outstanding work of .Andlauer’s partners in the deal include local businessman Jeff York, a partner in Farm Boy, and his 20-plus investors. Sources told Postmedia that the Malhotra family, the owners of Ottawa home builder Claridge Homes, also are partners with Andlauer.
As Postmedia first reported, Andlauer along with Toronto billionaire Steve Apostolopoulos, Jeffrey and Michael Kimel of Harlo Capital, and Los Angeles producer Neko Sparks, submitted binding bids at the May 15 deadline.Article content A part-owner of the Montreal Canadiens, Andlauer wanted to win this deal badly and had to raise his bid to make it happen. He will also have to sell his share in the Habs.
The NHL will give the board as much detail as it can so that, when it comes time to vote, the governors are informed enough to rubber-stamp the decision after being updated on any changes that may have happened during closing. Sources say Andlauer supports the idea of a new downtown arena, but hasn’t decided whether that should be at LeBreton Flats.
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