Capital Sports & Entertainment Inc. acquires the Ottawa Senators Hockey Club

Date Closed: 8/25/2003

Value: $100 million

Capital Sports&Entertainment Inc., a company controlled by Eugene Melnyk, acquired the Ottawa Senators Hockey Club from Ottawa Senators Hockey Club Corporation pursuant to proceedings under the Companies' Creditors Arrangement Act. PricewaterhouseCoopers Inc. acted as court-appointed monitor. The purchase price was approximately $100 million.

PricewaterhouseCoopers was represented by BLG in Ottawa, with a team led by Marc Jolicoeur and including John O'Toole, Marc Babinski, Steve Thomas and Adam Fanaki.