Molson Brothers Buy Canadiens

The Montreal Canadiens, the Bell Centre and promotion company Gillett Entertainment Group are now owned by the Molson family.

The sale of the NHL’s Canadiens was approved Dec. 1, days after the team’s 100th anniversary.

Geoff Molson and brothers Andrew and Justin are the lead investors in a group that reportedly paid $575 million for the franchise.

The family is the fourth group of Molsons to own the club since the 1950s. the ownership group includes Bell, Canada’s largest communications company, and the Woodbridge Company.

The Molson group also bought the 19.9 percent held by the Molson-Coors brewery, which will remain a sponsor.