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A group led by Toronto-based businessman Michael Andlauer has reached an agreement in principle to purchase the NHL's Ottawa Senators for close to US$1 billion.
OTTAWA - The sale of the Ottawa Senators is coming to a close.
Michael Andlauer has reached an agreement with the Melnyk family to purchase 90% of the Ottawa Senators in a deal worth nearly $1 billion.
Michael Andlauer won the bidding for the Ottawa Senators, reaching agreement to purchase the NHL franchise.
A group led by Canadian businessman Michael Andlauer has reached an agreement to buy the NHL's Ottawa Senators.