It\u0027s expected an agreement in principle will be announced soon.
The process took another turn Friday, when Postmedia reported that Toronto billionaire Steve Apostolopoulos, who had a fully financed bid believed to be worth north of $1 billion U.S., informed officials with the Melnyk estate, GSP and the NHL he would no longer stay in the process.
But it has kept everybody engaged because sources say the initial bids ranged from $850 million to $1 billion. Since those first offers, sources say, representatives of Andlauer and the Kimel family have raised their bids to the $950-million range.Article content If Andlauer does come out the winner, he’s viewed as the suitor who will make the most changes in the Senators’ hockey operations department. As owner of the Ontario Hockey League’s Hamilton Bulldogs, he has people he has worked with over the years and he wants to bring them to Ottawa.Article content
Michael Kimel founded OverActive Media, which invests in e-sports, and also served on the Penguins’ management committee. We’re told the Kimel family wants to get back in the NHL because they love hockey and believe the Senators can be taken to new levels.
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