Skip to main content

The Globe and Mail

NHL approves sale of Canadiens

George Gillett, left, pauses to compose himself after announcing the sale of the Montreal Canadiens in September. Geoff Molson, the head of the new ownership group, looks on during a news conference before the team's celebrity golf tournament.

Ryan Remiorz/Ryan Remiorz/CP

The NHL board of governors has approved the sale of the Montreal Canadiens to the Molson family.

Geoff Molson and his brothers Andrew and Justin are the lead investors in a group that is paying a reported $575-million (U.S.) for the storied franchise.

George Gillett put the team up for sale in the spring.

Story continues below advertisement

Geoff Molson will be chairman and chief executive officer.

The sale includes the team, the arena and Gillett Entertainment Group, a concert promotion company.

The announcement comes on the eve of the Canadiens' 100-year anniversary.

Report an error Licensing Options
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Globe Newsletters

Get a summary of news of the day

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.