Quebec putting up $75M for Habs sale: report
A Montreal newspaper says Quebec's economic development agency will extend a $75-million loan to ensure that the Molson family's purchase of the Montreal Canadiens goes through.
With only two weeks to go before training camp starts, La Presse is reporting the sale of the team is still not complete.
The Molsons issued a statement in June saying they had an agreement in principle to purchase the franchise from George Gillett, with the transaction expected to be finalized by late August.
Earlier this summer, U.S. bank CIT, facing possible bankruptcy, reneged on the reported $225-million loan to help the Molson family buy the NHL club.