Daly expects 'fairly complicated' Senators sale to close soon

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Daly expects 'fairly complicated' Senators sale to close soon
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HENDERSON, Nev. — The sale of the Ottawa Senators is almost — finally — signed, sealed and delivered. A group led by Michael Andlauer agreed to purchase the NHL club in June for what's believed to be in the neighbourhood of US$1 billion.

HENDERSON, Nev. — The sale of the Ottawa Senators is almost — finally — signed, sealed and delivered.

"I would expect that the transaction should close, if not before training camp, certainly early in training camp."Andlauer and his group are on the cusp of purchasing 90 per cent of the club from Melnyk's adult daughters, who are retaining 10 per cent. The group includes Farm Boy grocery store co-CEO Jeff York and the Malhotra family, owners of Ottawa real-estate development giant Claridge Homes.

"There are last-minute issues that need to be resolved all the time," Daly continued of the sale process."There's the issue of negotiating what representations and warranties are being made, who's on the hook for certain things.World Cup SHIFT "It's not gonna be a typical World Cup tournament," he said."We're focused on an alternative type of tournament that leverages the unique internationality of our sport.

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