Celine Dion: Bids for National Hockey League's Montreal Canadiens

Celine Dion: Bids for National Hockey League's Montreal Canadiens

The Globe and Mail said on Thursday that, a group of Quebec's elite including singer Celine Dion, Seagram heir Stephen Bronfman and Quebecor Inc head Pierre Karl Peladeau is considering a bid for the National Hockey League's Montreal Canadiens.

Celine Dion is busy in social work now. The newspaper, citing financial sources, said team owner George Gillett is mulling a second round of bids for the storied team which he bought nine years ago for $185 million.

Montreal Canadiens, which has won 24 Stanley Cups, was not available for comment. It was recently valued at $335 million by Forbes magazine.

One investment banker familiar with the process told the newspaper that, potential buyers have been given full access to financial data concerning the Canadiens and the Bell Center arena where the team plays.

"There is a group bid being discussed, and it's clear that Gillett is very willing to sell if the price is right," the investment banker said.

This group is said to be contemplating a dedicated pay-TV channel in Quebec to carry the games and other hockey-related content as well.

Montreal Canadiens also said that Cirque du Soleil founder Guy Laliberte dropped out of the bidding last week and that Caisse de depot et placement du Quebec, the province's pension fund, is not expected to be an equity investor. $1=$1.20 Canadian.