Molsons could tap taxpayers to seal Habs deal

QMI AGENCY

, Last Updated: 10:43 AM ET

MONTREAL -- Despite having said they would not need governmental financial assistance, the Molson brothers may end up receiving a $75-million loan from Quebec to help finalize their purchase of the Canadiens.

The government is believed to have given precise negotiation instructions to Investissement Quebec to that end. It has also requested that Quebec shareholders be majority owners and that the quality of the team be maintained.

Other investors involved in the sale have yet to confirm how involved financially they are with the purchase of the team.

Early in the sales process, Quebec Finance Minister Raymond Bachand indicated he was ready to loan up to $100 million to a potential buyer from Quebec. However, the Molson brothers turned down the offer.


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