Confirmed with Link: Andlauer Sold 10% Minority Ownership of Canadiens at a Value of $2.5 Billion

[red devil]

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[Captain Mountain]

NHL’s Canadiens LP Stake Sold at Record $2.5 Billion Valuation

Michael Andlauer was required to sell his 10% interest in the Montreal Canadiens, as part of his agreement to buy the Ottawa Senators this summer.

www.sportico.com

 

[Redux91]

It's cuz we're rich, bitch.

 

[yianik]

It's cuz we're rich, bitch.

" We " ?

 

[LaP]

" We " ?

Are you saying he did not mean we cause i was in the process of checking my bank account?

 

[yianik]

Are you saying he did not mean we cause i was in the process of checking my bank account?

I am afraid so. Be proud as you are brick that has built the castle.

 

[Grate n Colorful Oz]

It'd be nice to know who also bought it.

With 250 mil, I'd avoid the aggravations of NHL ownership and just sail into the sunset instead. YOLO

 

[DAChampion]

It'd be nice to know who also bought it.

With 250 mil, I'd avoid the aggravations of NHL ownership and just sail into the sunset instead. YOLO

That 250 million might become a billion.

 

[Grate n Colorful Oz]

That 250 million might become a billion.

I hope that was a joke meant for Sal

 

[George Lebay]

 

[Habs]

Too bad he couldn't help us draft in the first round

 

[Wats]

Too bad he couldn't help us draft in the first round

Judging by today's news, don't think his presence helps much for 1st round picks.

So he sold 10% share for 2.5B and then bought the entire Sens for 950mil? Seems like a win.

 

[HuGort]

Who bought his 10%?

 

[OnTheRun]

Who bought his 10%?

The Molson family.

 

[HuGort]

The Molson family.

Geoff?

 

[OnTheRun]

Geoff?

He is part of that entity, yes.

 

[Habs]

Judging by today's news, don't think his presence helps much for 1st round picks.

So he sold 10% share for 2.5B and then bought the entire Sens for 950mil? Seems like a win.

that franchise is destined for relocation down the road , so he will flip it again at some point for a killer profit

 

[Grate n Colorful Oz]

2500 million***

Your sail into the sunset with that kind of dough would be even more glorious.

No that's the value of the Habs. He sold 10% of 2.5 billion. The habs aren't worth 25 billion, although when I read the tweet, I assumed that some would read it wrongly.

 

[Barriwhite]

Geez guys learn to read, he sold his 10% piece of a 2.5B pie. He didn’t pocket 2.5B.

 

[Team_Spirit]

Smart money 101.

Buy the Habs, the arena and the event booking company for 550M. (10% for 55M)

Pocket 10% of the profits for 15 years. (Basically 10% of the cap + wtv evenko made.. probably in the 5M to 10M range yearly.)

Sell the 10% for 250M, use the profits and partners money to buy the Ottawa Senators for 900M.

that franchise is destined for relocation down the road , so he will flip it again at some point for a killer profit

Exactly. They will try to get public money/land for a new arena or sell the team to Houston or Atlanta for 1.? billion in 10 years. Can't lose either way.

 

[SOLR]

Are you saying he did not mean we cause i was in the process of checking my bank account?

What bank account, we cancelled it.

 

[Boss Man Hughes]

Very poorly worded.

 

[salbutera]

Geoff?

Geoff & Eric

 

[First Line]

Value will be up to 3 billion as soon as Slaf is sent to Laval

 

[DAChampion]

I hope that was a joke meant for Sal

When you have money, you probably just want more.

Also, Andlauer has been involved in hockey in a long time, now he gets to be the boss.