Thursday, April 9, 2009

Tycoons Line Up For Canadiens

Is Montreal Impact president Joey Saputo interested in buying the Canadiens? "Can't say anything, sorry." Photograph by: Allen McInnis, The Gazette

From The Montreal Gazette:

Today's deadline to get name in; Almost every Quebec multi-millionaire said to be interested in purchasing team.

Officially, the Canadiens aren't even on the block.

Unofficially, they're now the grand prize in a tycoon version of The Price Is Right.

For the record, the hockey club is saying very little beyond last month's admission that BMO Capital Markets was retained by the Gillett family to "assess various strategic alternatives to optimize value" of their Canadian assets.

But according to several media reports, today is the deadline for interested parties to confirm their interest and make a preliminary offer to stay in the running for potential acquisition of the team.

Read more ....

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