Quote:
Originally Posted by Vulcan
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The way I remember it, Molson couldn't find an owner to buy them out until Gillette surfaced. The Canadiens were in financial trouble. Probably a combination of arena debt and the Canadian dollar.
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Also, their brewing business was having trouble remaining competitive prior to the merger with Coors, and the brewery sold off the Habs and the arena as part of a move to focus resources on the brewing side of things.
The Habs used to be owned by the Molson company, now they're owned by the Molson family.