The NHL announced Thursday that the transfer of the club to a group led by Michael Andlauer has been unanimously approved by the league's board of governors, and that the transaction has been completed.
The Andlauer group reached an agreement to purchase the club in June for what's believed to be in the neighbourhood of US$1 billion.
"Thank you to the NHL and the Melnyk family for the opportunity to make this a reality and entrusting me to steward this remarkable franchise into the future." “On behalf of the estate, Anna and Olivia Melnyk and the outgoing board, we want to congratulate Michael Andlauer on his purchase of the Ottawa Senators," outgoing Senators chairman and governor Sheldon Plener said.
Andlauer is the founder and chief executive officer of Andlauer Healthcare Group, which owns health-care supply chain companies, and the founder of Toronto-based merchant bank Bulldog Capital Partners.
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