TMZ reports that the franchise announced on Tuesday (June 13) that it will take the offer from billionaire Toronto businessman Michael Andlauer who bid around $1 billion. “My family and I are very excited to be a part of the Ottawa Senators Hockey Club,” Andlauer said in a statement released by the Senators. ”I believe that the Senators’ fanbase is one of the most passionate in the league and I’m excited to take the franchise’s success both on and off the ice to the next level.

Andlauer will now own 90 percent of the Canadian franchise, previously owned by Anna and Olivia Melnyk, who will retain the final 10 percent of ownership. Previously, Snoop had gone public with his desire to grow the game of hockey within the Black community while making history alongside Hollywood film producer Neko Sparks. “Amazing what @neko_sparks is trying to do in Ottawa & I’m looking forward to being apart of that ownership team,” Snoop wrote to Instagram. I WANNA BRING HOCKEY TO OUR COMMUNITY.”