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Another Report On The Canadiens Up For Sale
by Paul on 12/04/08 at 02:30 PM ET
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from Sportsnet,
As the Montreal Canadiens unveiled a series of initiatives as part of the club’s Centennial celebrations, Forbes magazine is reporting that team owner George Gillett has put the franchise up for sale.
“I’m here today to celebrate the 100th anniversary and I’m proud as punch to be involved and I look forward to being involved for a longtime to come” Gillett told Sportsnet before addressing the Forbes report. “I have no comment. I haven’t seen the article but had I seen it, I would have no comment.”
The reported asking price is $400 million, more than double the figure Gillett paid for the team ($181 million) back in 2001. In a recent report Forbes.com listed the team value at $334 million.
added 4:58pm, from CBC,
On Thursday, the 70-year-old Gillett told reporters he is “angry” that he continually has to deny the hockey team is on the market.
“The club has never been for sale. As far as I know, no one has ever talked to anyone about the sale of the club,” said Gillett, who bought 80 per cent of the Canadiens and the Bell Centre for $185 million US in 2001.
“I’ve never authorized anyone to discuss it. We have received many inquiries about a possible sale [but] I’ve never entertained any of them.”
Filed in: NHL Teams, Montreal Canadiens | KK Hockey | Permalink
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