Toronto billionaire Michael Andlauer’s bid to buy the Ottawa Senators has been approved by the NHL’s Board of Governors and the deal is now complete, the team announced Thursday. Here’s what you need to know:
The Athletic reported in June that a group led by Andlauer agreed to purchase the team for $950 million.
The sale process began last November following the death of former owner Eugene Melnyk. His daughters Anna and Olivia are expected to retain a 10 percent interest in the club through the family’s estate.
“The Ottawa Senators Hockey Club is an amazing…