MONTREAL (AP) -The NHL board of governors has approved the sale of the Montreal Canadiens to the Molson family.
Geoff Molson and brothers Andrew and Justin are the lead investors in a group that is paying a reported $575 million for the storied franchise. Geoff Molson will be chairman and chief executive officer.
George Gillett put the team up for sale in the spring. The sale includes the team, the arena and Gillett Entertainment Group, a concert promotion company.
Tuesday’s announcement comes on the eve of the Canadiens’ 100-year anniversary.
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