Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Selling the Ottawa Senators generated more drama than an episode of Netflix's "Selling Sunset." For months the Senators' saga played out like a reality series clich: billionaire bidding wars . Every i has to be dotted and every t has to be crossed before he can officially take over the franchise and, until then, hell be kept informed of moves the Senators are making. Use of this Website assumes acceptance of Terms & Conditions and Privacy Policy, Stay up to date on the latest, breaking news, Tens of thousands expected to attend Canada Day events in Ottawa, A muggy, sticky, smoky, maybe stormy Canada Day in Ottawa, Books can no longer be tossed in Ottawa's black bin, Pembroke cancels Canada Day fireworks as officials in Ottawa keep an eye on the smoke, Golfer dies after being struck by lightning at Ottawa golf course, What's open and closed in Ottawa on Canada Day, What you need to know about Canada Day celebrations in Ottawa, Police investigating second fatal shooting in Carlington neighbourhood in two days, Why night-time heat can be so dangerous and why it's getting worse, Google, Meta could pull news over Bill C-18: What the fallout may mean for Canadians, B.C. Fred VanVleet is leaving the Toronto Raptors and signing a three-year, US$130-million contract with the Houston Rockets, according to multiple reports. The board of directors of Senators Sports & Entertainment began the process to sell the team last November after the death of owner Eugene Melnyk in March 2022. Alfredsson has recently stated his desire to hold a "meaningful role" in Senators hockey ops again under the team's new management. They should build a statue in Hamilton for what hes done for economic development in Hamilton.. Andlauer, 58, will take over as owner of the Ottawa Senators with a wealth of both business and hockey experience and a track record as a winner. 'Ordinary' Andlauer makes great first impression in Ottawa as future Sudbury police have identified the youths suspected of playing 'chicken' on Notre Dame Avenue on Wednesday after a motorcyclist sustained serious injuries in a crash. Mayor Mark Sutcliffe says the new ownership is "very exciting" for the club and the city. Incredible, isnt it? Although he has a team of investors for the bid, it is believed Andlauer himself will have the controlling interest in the Sens. Those thoughts will clearly have an effect on whom he wants to populate those personnel roles; his vision for the team must match that of whoever is in charge of setting the team up for on-ice success. The Malhotra family tells CTV News Ottawa they are involved in the local group that is part of the new Senators ownership. Postmedia reported York has 20-plus partners to be part of the ownership. Andlauer, 58, had been involved with the sale process in Ottawa from its start last November. "But all I care about is an owner with deep pockets who can finance the team and put a successful team on the ice. Alan Arkin, the wry character actor who demonstrated his versatility in comedy and drama as he received four Academy Award nominations and won an Oscar in 2007 for 'Little Miss Sunshine,' has died. The NHL draft is scheduled for next Wednesday and Thursday in Nashville and free agency opens July 1 at noon, so theres no shortage of work to be done. Subscribe now to read the latest news in your city and across Canada. The strategy of aiming low and securing a high draft position did not change. Before that, he had an ownership stake in an American Hockey League team in Hamilton dating back to 2003. police, Single mom of three-month-old twins denied Flair flight to New Brunswick, Heres a look at whats open and closed in London, Ont. It reacheda deal about a year ago to take another crack at a new arena onLeBreton Flats at the edge of downtown whileNHL Commissioner Gary Bettmanand Ottawa Mayor Mark Sutcliffe havemused abouta different central location. "Michael represents everything we could have hoped to find coming into this process a passionate owner who is committed to Ottawa," said Senators governorSheldon Plener in Tuesday'snews release. Multiple media outlets reported in May thatreal estate developers Remington Group dropped out of the race, followingmonths of Canadian actor Ryan Reynolds beingreportedly attached to that group. Canadian real estate corporation The Remington Group -- backed in part by actor Ryan Reynolds -- had also been in the mix much of the way before bowing out in early May. Representing himself, Greg Fertuck requestioned two witnesses in his first-degree murder trial. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. If the Senators are to remain in Ottawa, it won't be without some projected changes -- on and off the ice. Environment Canada lifted all severe thunderstorm warnings and watches across the northeast as of early Saturday morning. "Our competitive balance is extraordinary, and that should somehow be equating to higher values. The Senators have missed the playoffs for sixstraight seasons, finishing five points out of a playoff spot this time. The NCC again asked for bids in 2022 on the LeBreton Flats space. Lots of moving parts for Ottawa Senators, Ottawa Redblacks stop home losing skid with decisive win over Edmonton Elks, MASSIVE TRAFFIC JAM: Truck rollover on westbound Highway 174 injures two. With Google promising to remove Canadian news from its platforms in response to a new federal law, critics say the move could affect media literacy in Canada, while opponents of the legislation argue it was flawed to begin with. For months the Senators' saga played out like a reality series clich: billionaire bidding wars, high-stakes negotiations, celebrity cameos and, in the end, one clear winner. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Let's fast-forward. Player Register. According to his LinkedIn profile, Andlauer attended York University. To contribute to the conversation, you need to be logged in. It doesnt make sense for him to speculate on improvements or changes hed like to make until the club is officially in his hands. A man has been charged with indignity to body after a Toronto filmmaker was found dead in a compactor earlier this month. The Vogt triplets have made headlines from the day they were born. Andlauer was also met with Daniel Alfredsson while he was here. Importantly, in Canada, capital gains are taxed at a 50% inclusion rate (i.e., half of the rate that an individual or corporation taxpayer would otherwise pay). Another situation to monitor involves Senators legend Daniel Alfredsson. The former Senators captain has expressed publicly that hed like to have a meaningful role in the front office. Michael Andlauer to become new Senators owner 06:21 Report: Ottawa Senators choose new owner Josh Pringle CTV News Ottawa Digital Multi-Skilled Journalist Follow | Contact The 57-year-old is also the founder and chief executive officer of Andlauer Healthcare Group, which owns health-care supply chain companies. The Senators haven't qualified for the playoffs since making it to double overtime of Game 7 of the 2017 Eastern Conference final, but have a promising young core of talent led by Brady Tkachuk, Tim Stutzle, Josh Norris, Drake Batherson and Thomas Chabot. He is currently a minority owner of the Montreal Canadiens, the Bell Centre and Gillett Entertainment Group, and serves as alternate governor of the Canadiens. "I'm excited to take the franchise's success both on and off the ice to the next level. Visit our Community Guidelines for more information and details on how to adjust your email settings. Pride month is ending on a somber note after Wednesdays triple stabbing at the University of Waterloo, and local police saying the attack is just the latest in a growing trend. "My family and I are very excited to be a part of the Ottawa Senators Hockey Club," Andlauer said in a statement released by the Senators. As a statutory holiday some businesses and city services will be operating but others wont be, so heres a full list of whats open and closed in the Forest City this Canada Day Saturday. Though there has been speculation Andr Desmarais of Montreal-based PowerCorp would buy the shares, the belief is Habs president and chief executive officer Geoff Molson may purchase them instead. A self-made man who earned his wealth in the transportation business, Andlauer has deep pockets and deeper hockey roots. The board of directors of Senators Sports & Entertainment initiated the process to sell the club in November after the death of owner Eugene Melnyk. His daughters, Anne and Olivia, will reportedly retain 10 percent ownership of the franchise. If you are a Home delivery print subscriber, unlimited online access is. [15] Bridgman was fired after one season and Team President Randy Sexton took over the general manager duties. Jun 26, 2023. Residents of Leaf Rapids are needing more help, according to Indigenous leaders, after being evacuated due to a wildfire. ', tap here to see other videos from our team. The Senators had been housed in the arena now named Canadian Tire Centre since it opened in 1996. The Winnipeg Police Services Bomb Unit has disposed of a volatile substance at the University of Manitoba. The Senators do have some key choices to make before the 2023-24 campaign kicks off, though. Nous avons eu une. His passion, though -- as NHL commissioner Gary Bettman often stated -- was tied up in Ottawa. A new report says low- to moderate-income people in Canada are being stirred away from banks, and alternative resources are leaving them in deeper financial struggles. Now, some seven months after the Senators' "For Sale" sign went up, there is pending stability for the franchise -- at least when it comes to ownership. NHL draft winners and losers: Blackhawks, Blues, USNTDP and patience? He was the former President and COO of Giant Tiger, before joining Farm Boy in 2009. It looks like a new era is finally coming for the Ottawa Senators. A shooter driving an SUV targeted three people separately in Scarborough on Friday afternoon, leaving two with serious injuries, Toronto police said. "(Andlauer) represents everything we could have hoped to find coming into this process a passionate owner who is committed to Ottawa," said Senators chairman and governor Sheldon Plener. teen walks out of Golden Ears Provincial Park after being missing for more than 50 hours, Family calls for review of nurses' order decision into man's death after lengthy wait in Montreal ER, Limited credit options pushing low- to moderate-income Canadians into deeper debt, report finds, Second application period for Canada Dental Benefit opens Saturday, No need for 'double punishment' in mandatory sentence case, Supreme Court rules, Alan Arkin, Oscar-winning 'Little Miss Sunshine' actor, dies at 89, Fred VanVleet leaving Raptors on three-year, US$130M deal with Rockets: reports, New Brunswick Progressive Conservative party takes 1st step to remove Higgs as leader, U.S.-based remote vehicle operator gives timeline of Titan recovery off Newfoundland, Moncton inpatient detox services suspended for the summer due to lack of nurses, Single mother felt 'crushed' after discovering she couldn't fly alone with infant twins, Man charged with indignity to body after Toronto filmmaker found dead, 3 people injured after string of drive-by shootings in Scarborough, What's open/closed in Montreal this Canada Day weekend, Some Canada Day celebrations in Montreal postponed due to smog, rainy weather, Severe thunderstorm warnings, watches end for the northeast, Sudbury police say youths playing 'chicken' caused crash, Unsafe vehicle catches the eye of northern Ont. Born in France but raised in Montreal, Andlauer grew up loving the Canadiens, a passion that would set the table for future investments. While they wont approve the deal then, the expectation is commissioner Gary Bettman will provide the other 31 teams with a full update on the process conducted by New York-based banker Galatioto Sports Partners and how a sale agreement was reached with Andlauers group. A group led by Andlauer is buying 90% of the Senators from the. Exciting times ahead," Marc Methot, former Senators player and TSN 1200 broadcaster, said on Twitter. That's all in the past. Ottawa has drafted well in recent years, bringing captain Brady Tkachuk, forwards Tim Stutzle and Drake Batherson, and defensemen Thomas Chabot and Jake Sanderson -- among others -- into the fold. 10 Senators questions heading into the offseason: New ownership A sudden severe thunderstorm Thursday caused downed power lines, uprooted trees, and flooded streets around the city as emergency crews responded to heavier than usual volume of calls. This advertisement has not loaded yet, but your article continues below. I get chills just saying that now because I think that would be so great for our city," Sutcliffe said. "I want to thank Anna and Olivia Melnyk for their dedication and support to the board of directors and executors of the estate during this process. Although multiple bids were made, only four were submitted for the franchise prior to the May 15 deadline, including a celebrity-filled bid from Neko Sparks that included Snoop Dogg. Im looking forward to working with Michael in the best interests of our city, Sutcliffe posted Tuesday night. It's been a chaotic Friday evening with Environment Canada issuing and downgrading a multitude of tornado watches and warnings, and severe thunderstorm watches and warnings across the region. That portion of his legacy will be protected now under Andlauer's leadership. MLB mock draft: Top 40 picks Andlauer's group includes several prominent local partners, including Farm Boy partner and special advisor Jeff York and the Malhotra family, owners of Claridge Homes. Incoming Senators' owner Michael Andlauer makes a stop in Ottawa The club's former captain suited up for Ottawa from 1994 to 2013 and, after his retirement, was briefly a senior adviser for the Sens from 2015 to 2017. New Brunswick's Progressive Conservative party members who want Premier Blaine Higgs to step down as leader say they've taken the first step to oust him. Brady Tkachuk has been named the 10th captain in Ottawa Senators' franchise history, the . In a wild twist, a little girl's specialized mobility wagon, stolen from her family's garage earlier this month, was recovered on Thursday. The City of Regina is asking residents to report abandoned e-scooters to the appropriate vendor if they come across one. 'So were not allowed to fly by ourselves on Thursday,' is how Amanda Bailey broke the news on TikTok last week that her and her three-month-old twins were being denied a flight to New Brunswick to visit her mother. With files from Nicole Williams, Alistair Steele and The Canadian Press. When Melnyk bought the Senators in 2003, his transaction included taking control of the team's arena in Kanata, Ontario, a suburb about 30 minutes outside of Ottawa. Im looking forward to working with Michael in the best interests of our city.J'ai t ravi de rencontrer Michael Andlauer aujourd'hui. Ottawa Senators - Wikipedia Subscribe. He's also the founder of Toronto-based merchant bank Bulldog Capital Partners. Andlauer is familiar with how the National Hockey League operates. A group led by Michael Andlauer has emerged froma long and public bidding process with an agreement in principle to be the new owner of the Ottawa Senators. Farm Boy partner and special advisor Jeff York confirms to CTV News Ottawa that he is part of a local group of people involved with Michael Andlauer's group. Heat waves are coming to include an increasingly dangerous element: overnight temperatures that dont cool down enough to offer sufficient reprieve from oppressive heat, particularly for people without access to air conditioning. Use of this Website assumes acceptance of Terms & Conditions and Privacy Policy, Stay up to date on the latest, breaking news, Tens of thousands expected to attend Canada Day events in Ottawa, A muggy, sticky, smoky, maybe stormy Canada Day in Ottawa, Books can no longer be tossed in Ottawa's black bin, Pembroke cancels Canada Day fireworks as officials in Ottawa keep an eye on the smoke, Golfer dies after being struck by lightning at Ottawa golf course, What's open and closed in Ottawa on Canada Day, What you need to know about Canada Day celebrations in Ottawa, Police investigating second fatal shooting in Carlington neighbourhood in two days, Why night-time heat can be so dangerous and why it's getting worse, Google, Meta could pull news over Bill C-18: What the fallout may mean for Canadians, B.C. The Senators Community Foundation announced today that decorated philanthropist and Ottawa native Jacqueline Belsito has been named the organization's new president. Postmedia, which first reported the sale of the club, says the deal is worth $950 million, the highest price ever paid for an NHL club. Assuming that Michael Andlauer would offer his LP stake in the Canadiens on the open market, the timing would be propitious, says Drew Dorweiler, managing director and valuation practice leader at IJW & Co. Ltd. Considering the recent enthusiasm among media and entertainment groups, private equity and celebrities in acquiring ownership interests in professional sports teams, combined with the iconic status embodied by the Canadiens, the resulting valuation could likely establish a record benchmark for a NHL team.. Following months of speculation and a lengthy bidding war, the Ottawa Senators have finally found their new owner: billionaire Michael Andlauer. The Canadiens were valued at $1.85 billion in our most recent NHL valuations last December. Create an account or sign in to continue with your reading experience. 'So were not allowed to fly by ourselves on Thursday,' is how Amanda Bailey broke the news on TikTok last week that her and her three-month-old twins were being denied a flight to New Brunswick to visit her mother.