Ottawa Senators

About

Michael Andlauer's 2023 acquisition marked a significant recapitalization of a franchise previously destabilized by ownership uncertainty, with current valuation at $1.4B reflecting modest recovery from its 2017 relocation nadir. Revenue generation of $145M remains constrained by Ottawa's mid-tier Canadian market positioning and the franchise's recent competitive rebuild, though upside exists through the planned Canadian Tire Centre upgrades and potential media rights appreciation tied to NHL's next broadcast cycle. The franchise operates at a structural disadvantage to larger Canadian markets (Toronto, Vancouver) but benefits from Andlauer's investment banking pedigree and a relatively untapped regional fanbase willing to support renewed competitive contention.