News

Molson-Coors president says he hasn't talked to Gillett about his plans

The Canadian Press
By:
The Hockey News
News

Molson-Coors president says he hasn't talked to Gillett about his plans

The Canadian Press
By:

MONTREAL - Molson Coors (TSX:TAP) president Peter Swinburn said Monday he has not talked to George Gillett since the majority owner of the Montreal Canadiens announced plans to review his holdings.

Molson-Coors holds about 20 per cent of the shares in the National Hockey League team, while Gillett owns the rest.

Swinburn said he doesn't really follow the team, noting he's more of a rugby fan.

Gillett, an American, has retained financial firms in Canada and other parts of the world to "optimize the value" of his holdings in sports, entertainment and other businesses.

Options reportedly available to Gillett include finding new investors or selling some holdings such as the Canadiens.

Besides his shares in the Canadiens, Gillett owns 50 per cent of English soccer powerhouse Liverpool and has interests in the Richard Petty Motorsports NASCAR team, event promoter Gillett Entertainment Group, ski resorts, car dealerships and agricultural companies.

Canadiens president Pierre Boivin attended Swinburn's address to a Montreal business group but declined to talk to reporters.

Comments
Share X
News

Molson-Coors president says he hasn't talked to Gillett about his plans