According to a report on ESPN.com 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 ESPN.com reported that the price was in excess of that.