This is a file in case the Senators are sold
From there, the agreement will be passed onto the board of governors and though they’re scheduled to meet in New York June 22, it might be a stretch to have the deal approved by then.
If the club sells for $1 billion that’s the highest price a franchise has sold for in NHL history. The late Eugene Melnyk purchased the Senators out of bankruptcy in 2003 and under the terms of this sale the club must remain in Ottawa. Sources say Andlauer has the wherewithal to do this deal and is determined to build a winner in Ottawa.
Bettman will give the governors an update on the sale, providing details of the agreement in principle and what it took to get there. The sale needs two-thirds approval of the board.
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