Snoop Dogg loses bid to buy Ottawa Senators
The Ottawa Senators’ ownership group has entered into a purchase agreement for the sale of the NHL team, but not with the 51-year-old rapper and entrepreneur, Senators Sports & Entertainment announced on Tuesday.
Instead, an entity controlled by Toronto-based billionaire Michael Andlauer, 57, will take over ownership of the Senators, according to the organization’s statement.
The agreement will give Andlauer 90% of the organization and “operational control” of the team, per the announcement.
According to ESPN, Andlauer’s purchase of the team is the largest in NHL history at almost $1 billion.
Additionally, 10 percent interest in the team will remain with the Melynk Estate, controlled by Anna and Olivia Melnyk, whose father Eugene Melnyk served as chairman of the Senators until his death in May 2022.
Once the NHL approves the agreement and the sale finalizes, Andlauer will “assume control” of the team’s operations.
In May, Snoop confirmed on Instagram he partnered with Los Angeles-based businessman Neko Sparks in a bid to buy the hockey franchise.
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
Money pass money
Okay