NHL's Ottawa Senators reach deal with Toronto billionaire Michael Andlauer for record price

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Ottawa Senators goaltender Alex Auld (35) stops Nashville Predators' Patric Hornqvist, right, during second-period NHL hockey enactment successful Ottawa, Ontario, Thursday, Feb. 9, 2012. (AP Photo/The Canadian Press, Fred Chartrand)

Fred Chartrand

The National Hockey League's Ottawa Senators person recovered a caller owner.

Toronto-based billionaire Michael Andlauer has agreed to get the Senators, mounting a grounds for the highest terms paid for an NHL team, according to a idiosyncratic acquainted with the matter.

The woody is said to beryllium valued astatine astir $1 billion, Sportico earlier reported.

Andlauer is already a number proprietor of the Montreal Canadiens and had been called retired successful reports arsenic an funny bidder for the Senators months ago. As portion of the woody for the Senators, Andlauer volition person to merchantability his involvement successful the Canadiens, The Athletic reported.

The businessman is besides the CEO of ATS Healthcare Group, which helium founded the institution successful 1991.

The squad went up for merchantability past twelvemonth aft its erstwhile owner, Eugene Melnyk, died astatine 62. Melnyk had owned the Senators since 2003, erstwhile helium bought the squad for $92 million.

Galatioto Sports Partners led the merchantability connected behalf of the Melnyk family.

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