Wednesday, June 10, 2009
Molson: I Am Canadien...?
Three Molson brothers confirmed Wednesday they have made an offer to buy the Montreal Canadiens, the Gillett Entertainment Centre and the Bell Centre ((pictured, thanks John Kenney/Montreal Gazette)).
Geoff, Andrew and Justin Molson say the bid was delivered to George Gillett, who owns the Bell Centre and about 80 per cent of the National Hockey League team.
Geoff Molson says he and his brothers have assembled a "solid and credible" group of investors to bolster their bid.
The offer "has all the ingredients" needed to satisfy both the seller and the NHL, he said.
The full quote from the Montreal Gazette:
“We have assembled a very solid and credible group of investors and financial institutions as part of our offer,” Geoff Molson, who is the group leader, said in a statement. “They are all dedicated to the long-term success of the Canadiens and have a strong presence in Quebec.
“We think our offer has all the ingredients to be well received by the potential seller and the National Hockey League. We look forward to meeting with them at their earliest convenience.”
He refused to comment further on the pending deal citing a confidentiality agreement signed by all parties involved.
Molson Coors already owns a 20 per cent stake in the franchise.
Gillett said earlier this spring he would seek advice from financial firms in Canada and elsewhere about how he might maximize his holdings.
Quebecor has also indicated interest in purchasing the team, while the Solidarity Fund of the Quebec Federation of Labour confirmed it is in the mix with different groups to buy the Canadiens.
All the above story does is give us an excuse to post this...
This is what it's like to be at a game during playoff time...
Posted by John V. Wood at 7:25 PM