. They will retain 10% through their father’s estate. The deal is subject to league approval. Multiple reports suggest the sale price will be close to $1 billion.
Coupled with proceeds from Andlauer’s 2019 IPO, cash from selling shares since the public listing and his other assets–which include a reported 10% to 20% stake in the Montreal Canadiens–estimates that Andlauer’s net worth exceeds $1 billion. Andlauer, who also cofounded Toronto-based private equity firm Bulldog Capital Partners, did not reply to a request for comment.
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