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Wednesday, May 27, 2009

A Molson Might Again Own the Montreal Canadiens

We in the middle of some pretty amazing hockey as we near the Stanley Cup finals, but the team that has won the most cups -- the Montreal Canadiens -- made an early exit thanks to a sweep handed out by the Boston Bruins.

Now media reports in Canada have surfaced that say George Gillett Jr., the American owner who also lists the English Premier League's Liverpool soccer team and an ownership position in Richard Petty Motorsports in NASCAR, might be preparing to sell the Canadiens. The buyer could just end up being familiar to hockey fans and beer drinkers.

Geoffrey E. Molson says he is preparing a bid on behalf of several family members to acquire the team. At the moment Molson Coors Brewing Co. owns 19.9 percent of the hockey team. Two other potential bidders are also on the scene: Quebecor and BCE, both Quebec-based companies. For his part Gillett has stopped short of saying the team is for sale, noting he is reviewing options.

The Molson family owned the Montreal Canadiens from 1957 to 1971. Molson Breweries bought the team in 1978 and owned all shares of the club until selling a majority interest to Gillett in 2001.

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