This slice of the Lightning will impact Michael Andlauer’s exit from the Montreal Canadiens – and all NHL franchise valuations.
The Tampa Bay Lightning are reportedly set to sell a minority slice of the franchise to private equity group Arctos Sports Partners at an NHL record valuation of $1.4 billion, according toThe NHL’s previous high-water mark for a valuation in a transaction lasted just four days, since Michael Andlauer entered into an agreement to purchase the Ottawa Senators at a reported valuation of $950 million .
Next, Andlauer is a minority partner and reported 20 percent stakeholder in the Montreal Canadiens, a share he must now liquidate ahead of closing and formal NHL Board of Governors approval to get the keys to the Senators. The Original Six Canadiens franchise, seen as the third-most valuable in the league by both Sportico and Forbes behind only the Toronto Maple Leafs and New York Rangers, was most recently appraised at $1.7 billion by Sportico.
So, let’s ballpark that the Canadiens are then worth $3 billion. For perspective: that would make Andlauer’s 20 percent share, if that allocation is accurate, worth almost two-thirds of the Sens’ entire purchase price .
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