Major development regarding the sale of shares within the Montreal Canadiens following the major news announced on Tuesday
The news came out like a bombshell on Tuesday morning, the Ottawa Senators have finally found their new owner. It's Michael Andlauer, who is currently a minority shareholder of the Montreal Canadiens, who will finally hold the organization of the Senators.
This purchase on Andlauer's part means that he will have to sell the shares he owns with the Montreal Canadiens. He owns 10% of the Montreal formation and a new minority shareholder will need to be found by Geoff Molson and his management team.
In 2009, when buying the club from George Gillett, the Molson brothers had as partners Bell, Woodbridge Limited Company, the Fonds de solidarité FTQ, Michael Andlauer and Luc Bertrand. Two-thirds of the invested capital came from partners established in Quebec.
With Andlauer selling his shares, it will be interesting to see who will buy them. Will the shares be bought back by the Molson brothers themselves, by one or more of their current partners, or by a new shareholder?
Being a shareholder, even a minority one, of a club like the Montreal Canadiens is an ultimate honor. This club continues to make profits and it is certain that many will be interested in joining the large family of the CH Group. It will be interesting to see how these 10% will be redistributed in the coming weeks. One thing is certain, it will take time.
Do you have any potential shareholders in mind?
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Which one is the best hockey market, according to you? | ||
| Montreal | 180 | 74.7 % |
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