Kukla's Korner Hockey
by Paul on 08/10/06 at 09:47 AM ET
Molson Coors has sold part of its interest in the Montreal Canadiens hockey franchise to majority owner George Gillett for $36.1 million. As part of the deal, Molson Coors has been released from an obligation to guarantee the bank loan Gillett took out to buy the hockey team from Molson in 2001. The deal involves a "preferred interest" Molson Coors held in the club since the sale. Molson Coors still owns 19.9 percent of the common shares in the hockey club. NHL spokesman Frank Brown said the league's board of governors has already approved the transaction.read on
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About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
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