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Senators' $950M Sale to Michael Andlauer Officially Approved by NHL

The Ottawa Senators have a new owner for the first time since 2003.

The NHL Board of Governors unanimously approved the sale of the Senators to a group led by Michael Andlauer, per TSN's Pierre LeBrun.

The sale closed Thursday for $950 million, the highest price ever paid for an NHL team, according to the Ottawa Sun's Bruce Garrioch.

Pierre LeBrun

From the NHL as announced: <br><br>"The National Hockey League's Board of Governors has unanimously approved the sale of the Ottawa Senators to Michael Andlauer. The transaction closed today."

The NHL agreed to sell the club to Andlauer's group on June 13, per Reuters.