Senators Make Decision To Give Michael Andlauer Ownership Rights

Summary

• Michael Andlauer and team are the new owners of the Ottawa Senators
• Ottawa Senators happy to select Michael Andlauer to be new owner
• Senators acquisition will be subject to NHL approval

There were four parties vying to become the new owners of the Ottawa Senators which went up for Sale in Nov 2022 after owner Eugene Melnyk passed away in March 2022. 

The four parties who put in a bid for the Senators which was estimated to be close to $1 billion were Toronto Billionaire Steve Apostolopoulos, L.A entrepreneur Neko Sparks along with Snoop Dogg, Michael Andlauer and Jeffrey and Michael Kimel who had a minority stake in the Pittsburgh Penguins.

Michael Andlauer Becomes New Senators Owner 

Michael Andlauer and his team of investors have now become the new owners of the Ottawa Senators. There was no information provided given the terms and conditions of the deal or the final sale price. The acquisition of the Ottawa Senators will be subject to approval from the National Hockey League (NHL).

Once the sale process is finalized and the NHL gives its official approval, Andlauer will take full control of operations for the Senators. Andlauer will own 90 percent of the Senators and the rest will be owned by some of his partners which includes Jeff York – a partner with the Farm Boy grocery chain and Ottawa based Malhotra family which run the Claridge Homes real estate development company.

In a statement, Andlauer said

My family and I are very excited to be a part of the Ottawa Senators Hockey Club. The short and long-term future of the team is incredibly bright, and I look forward to getting to know the team, the fanbase and the community.

Senators Happy To Choose Michael Andlauer

Many Senators fans expected Neko Sparks and Snoop Dogg to be favorites to win the bid but the Senators decided it was the right option to close the sale with Andlauer. One of the conditions for the bid was that the new owners will keep the Senators in Ottawa and Andlauer will do just that.

In a statement, Senators governor Sheldon Plener said

We are very pleased to announce that we have entered into an agreement to sell controlling interest of the Senators to Michael Andlauer. Michael represents everything we could have hoped to find coming into this process – a passionate owner who is committed to Ottawa.