Michael Andlauer reaches agreement to buy Ottawa Senators

A group led by Michael Andlauer has emerged from a long and public bidding process with an agreement in principle to be the new owner of the Ottawa Senators.

A group led by Michael Andlauer has emerged from a long and public bidding process with an agreement in principle to be the new owner of the Ottawa Senators.

The team announced the deal in a news release, saying he would purchase 90 per cent of the team. It did not list a purchase price.

"Subject to approval by both the National Hockey League and finalization of the sale process, Andlauer will assume control of the organization's operations," the Senators said.