The NHL diligently evaluated various bids, facing criticism for losing potential owners such as Snoop Dogg and Ryan Reynolds along the way. Ultimately, the team's board of directors settled on Toronto's Michael Andlauer and his group as the most suitable owners.
The controlling interest of the Senators franchise will reportedly be sold for approximately $1 billion, pending approval from the NHL Board of Governors. Andlauer, currently holding a 10% stake in the Montreal Canadiens, will divest from the Canadiens and commit to keeping the Senators in Ottawa. His familiarity with the board should facilitate a seamless transition as the Melnyk family departs from the team.