Report: Canadiens minority stake sold at record $2.5B valuation
(Photo credit: David Kirouac-USA TODAY Sports)
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 agreem