17
votes
Ottawa Senators purchased by Michael Andlauer for $950 million USD
Link information
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- Title
- Michael Andlauer to become new Senators owner | TSN
- Published
- Jun 13 2023
- Word count
- 218 words
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!
Curious what you mean by that? What effect does this have on future expansion teams?
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).
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.
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.
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.