17 votes

Ottawa Senators purchased by Michael Andlauer for $950 million USD

Posted by devilized
Tags: canada, nhl, ottawa senators, business, michael andlauer, acquisitions, short read
https://www.tsn.ca/nhl/michael-andlauer-to-become-new-senators-owner-1.1972615

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Title
Michael Andlauer to become new Senators owner | TSN
Published
Jun 13 2023
Word count
218 words

6 comments

  1. [4]
    Comment deleted by author
    Link
    1. devilized
      Link Parent
      Yeah, as a Canes fan, I've seen first hand what refreshed ownership can do for a team. I hope it all works out for them!

      Yeah, as a Canes fan, I've seen first hand what refreshed ownership can do for a team. I hope it all works out for them!

      1 vote
    2. [2]
      Matt_Shatt
      Link Parent
      Curious what you mean by that? What effect does this have on future expansion teams?

      Sets the bar high for the next round of expansion (Houston, Salt Lake, Atlanta, etc).

      Curious what you mean by that? What effect does this have on future expansion teams?

      1. [2]
        Comment deleted by author
        Link Parent
        1. Matt_Shatt
          Link Parent
          Well I certainly didn’t know all those details, thanks! I welcome expansion, especially in the south, as no one really watches hockey down here (Florida excused).

          Well I certainly didn’t know all those details, thanks! I welcome expansion, especially in the south, as no one really watches hockey down here (Florida excused).

  2. [3]
    devilized
    Link
    That's quite the chunk of change for a team that's struggled quite a bit over the past decade. Assuming it goes through, it would be the most expensive team sale in NHL history.

    That's quite the chunk of change for a team that's struggled quite a bit over the past decade. Assuming it goes through, it would be the most expensive team sale in NHL history.

    1 vote
    1. [2]
      pu1pfriction
      Link Parent
      Pretty crazy that a "small market" team is selling for nearly 1 billion. Was not expecting to see a franchise sell for that much in the NHL unless one of a the big teams actually went up for sale....

      Pretty crazy that a "small market" team is selling for nearly 1 billion. Was not expecting to see a franchise sell for that much in the NHL unless one of a the big teams actually went up for sale. The Devils were bought 10 years ago for just $320M, and while they are a small market team they are in a big media market. I'm sure all the other owners are very happy to see this sale price.

      1. devilized
        Link Parent
        Yeah, my initial thought was that the price was very high. Especially being a Canadian buyer and the price being in USD. But overall, I think Canadian teams are going to be worth more in US teams,...

        Yeah, my initial thought was that the price was very high. Especially being a Canadian buyer and the price being in USD. But overall, I think Canadian teams are going to be worth more in US teams, even for small-market. The NHL doesn't seem to have any interest in expanding in to Canada, and they have a very passionate fanbase.

        2 votes