MONTREAL CANADIENS EXPECTED TO FETCH TOP DOLLAR
Some suitors have begun posturing for the right to buy the Montreal Canadiens while others are still anonymous. The price tag is expected to be steep -- with bids to exceed $400 million and reach as much as $500 million. At least two groups have confirmed bids for the century-old hockey franchise -- one from three Molson brothers and the other from a consortium spearheaded by Quebecor Media... "From an emotional point of view, the glory days of the Montreal Canadiens was when the Molsons owned it," said David Lank, Director Emeritus of the Dobson Centre for Entrepreneurial Studies of the Desautels Faculty of Management at McGill University. "So to come full circle for the next generation of the Molsons and the next generation of the Canadiens, there's a certain poetic justice to it."
, June 12, 2009
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