Confirmed with Link: Andlauer reaches deal for Ottawa Senators ownership

[AchtzehnBaby]

Wonder what this means for the Senators owners

https://x.com/i/web/status/1836386157376032912

 

[Senscore]

The road to healing begins, TSN

 

[Masked]

I think Bruce is getting his meals comped

Don't think our ownership is rich enough to cover that.

 

[DrEasy]

Don't think our ownership is rich enough to cover that.

This is even more savage given that Al's is a cheap diner.

 

[Golden_Jet]

Wonder what this means for the Senators owners

https://x.com/i/web/status/1836386157376032912

I assume that is CDN dollars, as others are reporting 3.5 billion.
That is for Raptors, leafs , MLS, Argos etc. and properties, not just the leafs.

 

[AchtzehnBaby]

It’s a feeling the Sens owner knows well.

Andlauer, a beer-league goalie, is a lover of the artwork done by Canadian painter Ken Danby. Two of his most prolific pieces are In the Crease and Lacing Up.

“I have a couple of Danby pieces in my house, I’ve always wanted In the Crease, which is the goalie, for obvious reasons,” Andlauer added. “I don’t know what I’d be willing to pay for it. Do you think when Danby painted that, he said, ‘This thing is going to be worth $1 million one day?’

“A hockey franchise or a sports franchise is an emotional play. It’s not a financial play. When a fan goes out and pays a stupid price for a playoff ticket in the secondary market, it’s an emotional play. But I have to make sure this team is financially stable.”

 

[JD1]

I assume that is CDN dollars, as others are reporting 3.5 billion.
That is for Raptors, leafs , MLS, Argos etc. and properties, not just the leafs.

That's for 37.5% of it. It's valuing the whole thing at about 9.3B

 

[Golden_Jet]

That's for 37.5% of it. It's valuing the whole thing at about 9.3B

Yea I’m aware, I was just saying the link I quoted is CDN dollars at 4.7, the 3.5 number is US dollars.

 

[mysens]

Uh oh... a partner from the purchase of the Sens on the Andlauer team is pulling out his 12%.....wonder why. Michael is purchasing it.

 

[Micklebot]

Uh oh... a partner from the purchase of the Sens on the Andlauer team is pulling out his 12%.....wonder why. Michael is purchasing it.

12%, that's a significant partner

 

[Golden_Jet]

Uh oh... a partner from the purchase of the Sens on the Andlauer team is pulling out his 12%.....wonder why. Michael is purchasing it.

Any links or you’re hearing

 

[DackellDuck]

Uh oh... a partner from the purchase of the Sens on the Andlauer team is pulling out his 12%.....wonder why. Michael is purchasing it.

Divorce settlement?

 

[Senscore]

https://x.com/i/web/status/1841212840671113640

 

[Crosside]

Uh oh... a partner from the purchase of the Sens on the Andlauer team is pulling out his 12%.....wonder why. Michael is purchasing it.

I hope this not the Melnyk sisters

 

[GCK]

https://x.com/i/web/status/1841212840671113640

Oh, oh. This was one of the developers, I’m wondering if he doesn’t see value in the NCC deal of only 10 acres.

 

[senswon]

Oh, oh. This was one of the developers, I’m wondering if he doesn’t see value in the NCC deal of only 10 acres.

Malhotra family prob gonna want a part of any extra development imo

 

[danishh]

Sup guys, long time no see
Any input into who the rest of the ownership group is? And what they own?

This is what I've been able to put together pre Armoyan transaction

 

[mysens]

Seth Boro and his wife are in for 100million usd
Bill Malhotra 50million

 

[BankStreetParade]

Oh, oh. This was one of the developers, I’m wondering if he doesn’t see value in the NCC deal of only 10 acres.

Interestingly, his company mostly focuses on industrial and mixed use development in Western Canada with a small smattering of residential developments in Atlantic Canada. Not sure how he made sense for such a development project in the first place.

 

[danishh]

Seth Boro and his wife are in for 100million usd
Bill Malhotra 50million

Any public source?

Also it appears Rocco Tullio's stake is with a group that includes the Windsor Spitfires owners.

Spitfires' Savage brothers and Schwab join NHL Senators ownership group with Windsor's Tullio

On game night’s at the WFCU Centre, it’s routine to have the televisions in each suite tuned to the Windsor Spitfires game.

windsorstar.com