Montreal Canadiens 10% minority stake sold for a record $2.5BILLION enterprise valuation by Michael Andlauer to the Molson family
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Michael Andlauer, who bought the Ottawa Senators for $950 million in September, sold his 10 percent minority interest in the Montreal Canadiens at a record $2.5 billion enterprise value, per a Sportico report Wednesday.
The Molson family, which owns a controlling stake in the Canadiens, exercised their option of the first right to buy Andlauer’s stake.
As part of the agreement when he bought the Senators, Andlauer was required to sell his Canadiens stake, which is a record for a standalone NHL team.
The Toronto Maple Leafs were part of an $8 billion valuation this summer, but it was part of a stake in Maple Leaf Sports & Entertainment, which also includes the NBA’s Toronto Raptors and Major League Soccer’s Toronto FC.
Andlauer, the founder and CEO of Andlauer Healthcare Group, had been a minority owner of the Canadiens since 2009, when the Molson family bought the team from George Gillett for $575 million.
The Molson family bought back a 10 percent stake in the Montreal Canadiens at a $2.5bn value
That stake belonged to Michael Andlauer, who purchased the Ottawa Senators in June
The Canadiens are currently third in the Atlantic Division after playing nine games
Andlauer was required to sell his stake in the Canadiens when he bought the Ottawa Senators earlier this year.
Along with the Senators, Andlauer’s group acquired Ottawa’s American Hockey League affiliate, the Belleville Senators, from the estate of Eugene Melnyk.
The Melnyk estate kept a 10 percent interest in the club.
Roughly ten games into the season, the Canadiens are third in the Atlantic Division, while the Senators are last in the same division.
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