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Habs for sale? Not likely, says Gillett

Owner of Montreal Canadiens says he’s estate planning, not running a fire sale


 

George Gillett, majority owner of the Montreal Canadiens and part owner of the English soccer giant Liverpool F.C., surfaced at a sports business conference yesterday fuming about reports he’s trying to unload his share of one of his two storied franchises. La Presse had reported earlier this week that Gillett had engaged advisors to reassess his holdings, with a confirmation from Habs president Pierre Boivin. Wrong, says Gillett; all I was doing was a little estate planning. “My guess is it’s unlikely that you will see any short-term sales,” he told the conference. “You may see a recapitalization here or there, we may bring in a partner or two. But I think it’s unlikely you will see any asset sales.” Not exactly a stout denial. How unlikely, and what is short-term? Partners where? Partners why? And if this is true—if this was all just a little bit of probate work—why didn’t Boivin just say so?

CanadaEast


 
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