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Report: Molson family reaches deal to buy Canadiens

by Staff
According to a report on Saturday, the Molson family has agreed in principle to purchase the Montreal Canadiens and Bell Centre from George Gillett.

The approval of the sale will take some time, as the League will review the application and conduct an interview with the Executive Committee before the Board will be in a position to vote.  It's reported that the approval may not come until mid-summer at the earliest.

There are conflicting reports on the sale price as French sports network RDS reported that the sale was worth $550 million, but reported that the price was in excess of that.

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