The National Hockey League's Ottawa Senators have found a new owner. Toronto-based billionaire Michael Andlauer has agreed to acquire the Senators, setting a record for the highest price paid for an NHL team, according to a person familiar with the matter. Andlauer is already a minority owner of the Montreal Canadiens and had been called out in reports as an interested bidder for the Senators months ago. As part of the deal for the Senators, Andlauer will have to sell his stake in the Canadiens, The Athletic reported. The team went up for sale last year after its previous owner, Eugene Melnyk, died at 62.

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Persons: Michael Andlauer, Andlauer, Eugene Melnyk, Melnyk Organizations: Hockey League's Ottawa Senators, NHL, Montreal Canadiens, Senators, Canadiens, The Athletic, ATS Healthcare Group, Galatioto Sports Partners Locations: Toronto