man, that seems high relative to the Pitt and Nas sales over the past year and a bit which came in at $800 mill and $750 mill. And in neither of those 2 was an arena needed to be funded as well.
Ottawa Senators for sale (upd: sold to Michael Andlauer)
- Thread starter DaveMatthew
- Start date
man, that seems high relative to the Pitt and Nas sales over the past year and a bit which came in at $800 mill and $750 mill. And in neither of those 2 was an arena needed to be funded as well.
LadyStanley
Registered User
Random "conspiracy theory speculation" question...
Given that there are multiple bids...if the league ever did expand again and wanted to consider a Toronto2 bid- whereever in the GTA that would land- could this Senators process inadvertently lead to someone who could front that bid in the future? (In other words, they pick a Sens buyer and that's all well & great....but they also make a note of other bidder(s) they like and say "well....in the unlikely event that we were looking for someone to get another NHL related real estate program going on in Ontario in the future, would you be interested?.......")
I ask this conspiracy theory question knowing full well Roustan has been tied to TO2 interest in the past but I actually expect his group to be the Ottawa frontrunner. My memory is highly unreliable but I seem to remember the scuttlebutt of the time was that the league was really surprised no expansion bid for TO2 was formally placed when LV & QC did.
LadyStanley
Registered User
Even if expansion bid is ~$1B, may need double that for territory indemnity to TML plus new arena or upgrades to existing.
Oh, I don't doubt that it would be challenging (as discussed in numerous threads on this board, I'm sure), I just wonder with that many bidders if the league ever (collectively) says itself "keep these names in mind in case of future projects..."
LadyStanley
Registered User
League tracks all interested parties.
Next issue to solve may be Coyotes relocation if voters reject referendum in May.
Next issue to solve may be Coyotes relocation if voters reject referendum in May.
TheLegend
"Just say it 3 times..."
Nope.... it's not going to be an issue. And all the wishful thinking on HF isn't going to change that.
Barclay Donaldson
Registered User
Anisimovs AK
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Golden_Jet
Registered User
- Sep 21, 2005
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Golden_Jet
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- Sep 21, 2005
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Sale hasn’t completed yet. Valued at 775 last year at start of sale , climbing to 900 by the time the sale is completed in 2 years from now, 4 payments to made over that time.
Nashville Predators Valued at $775 Million in Sale to Bill Haslam
Haslam will initially be a minority owner and transition to the controlling owner by 2025. The price is the second highest ever for an NHL team.
www.sportico.com
Anisimovs AK
Registered User
This addendum adds little, in my opinionSale hasn’t completed yet. Valued at 775 last year at start of sale , climbing to 900 by the time the sale is completed in 2 years from now, 4 payments to made over that time.
Nashville Predators Valued at $775 Million in Sale to Bill Haslam
Haslam will initially be a minority owner and transition to the controlling owner by 2025. The price is the second highest ever for an NHL team.
For the purposes of the deal in place with that former governor, the full purchase price at the time of the deal's completion is $900 million.
Golden_Jet
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- Sep 21, 2005
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Yes and the deal won’t be finalized for 2 years, that’s why at start of sale value is 775, but increase in teams value over 3 years until deal is finalized grows to 900 million. So yes in July 2025 dollars it’s 900 million.
Anisimovs AK
Registered User
So Nashville was still valued at $900 million in their sale, as I said originally.
Did we really need 4 extra posts to say what I already did
Golden_Jet
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- Sep 21, 2005
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Yes in July 2025.
775 at start of sale, and they have it increasing at about 40 million a year , up until deal is finalized. The sale is not finalized yet , since money hasn’t been paid in full.
So in 2023 it’s around 815 value. It’s not hard to follow.
MMC
Global Moderator
Sutcliffe not ruling out public funding for new Senators arena
As the sale of the Ottawa Senators heats up, the city's mayor isn't ruling out public funding for a new downtown arena for the team.
- Feb 24, 2003
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Public money for an NHL arena is an absolutely disgusting abuse of public funds, no matter where it happens. The city, like many others, is in a state of atrophy. There's a housing crisis, resources are such that it takes days to clear sidewalks after a storm, and the biggest infrastructure project in a generation remains a mess of epic proportions. Sutcliffe opening the door on this is appalling, as was Garrioch's typical bootlicking praise of anything that could benefit Senators ownership.
Gil Gunderson
Registered User
This is a bit wild. According to Brent Wallace, the highest bidder so far (Neko Sparks' group) includes The Rock and is backed by the Reuben family out if the UK (part-owners of Newcastle). He also speculates that Reynolds could join that group if Remington doesn't get the team.
Also the Kimel bid has Sundin as their hockey advisor.
Also the Kimel bid has Sundin as their hockey advisor.
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LadyStanley
Registered User
GARRIOCH: Gary Bettman will sit down with Sutcliffe and NCC as suitors enter next stage of bidding for Senators
NHL commissioner Gary Bettman will be in town Monday while Postmedia has also learned six potential suitors for the Ottawa Senators will visit this week to get a first-hand look at the city along with the operation.
ottawasun.com
Believed to be 6 groups in 2nd phase of sale. Could.be touring facilities this coming week.
Bettman and Daly in town Monday on annual tour, will be talking with Mayor, perhaps laying groundwork for development around/for new arena.
Just a face. Combined they aren’t able to afford but a fraction of the team.
But it’s wild how much they are going for. Pens have their arena and so do the Preds (great lease). Sens, likey have to put up the entire $600 mill plus for a new arena on top of the price tag.
Sens buyer will get the arena and land. If they demo the arena in a few years, it still Sits on over 60 acres of land. There is value out there to commercial or residential developers, maybe a business park.
We will see what is included in the final sale. I imagine the daughters want to sell everything off in one shot. But, They can always keep the arena until the new owners build the new one. But cleaner for them to unload it all as it can take a few years before the Sens build a new arena downtown. Only reason to still have the arena as a sports venue would be for the Sens.
Golden_Jet
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- Sep 21, 2005
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Lol one group of brothers is over 14 billion.
Current arena and 75 acres of land is part of sale.
RaginRonic
The Ragin' One. with the big shoulder chip.
So Bettman says LeBreton Flats is not big enough for his NHL needs.
Typical Gary.
He's pretty well said the following to Ottawa...
Gary: 'Sorry, Senators, but when it comes to where the team plays next, the site is picked by me and ONLY me, and the arena design is ONLY drawn up and built by MY people. I don't involve local design firms in any step of the project, because the project is ONLY going to be built to the standards I like for ME. And those at Ottawa's City Council are not free to reject my business plan. They vote for my plan with no dissents and no meetings among themselves. So, you either build MY project where I tell you to build it and how, or the Senators are relocated to the U.S. city of MY choosing. End of discussion.'
I'm pretty sure that's the height of arrogance, and a sign that Gary's stayed at the party for WAY too damn long.
I'd be raising hell on Bettman for this, if I was a proper Sens fan.
Get in his face about it, and shove it down his throat. o.o
Typical Gary.
He's pretty well said the following to Ottawa...
Gary: 'Sorry, Senators, but when it comes to where the team plays next, the site is picked by me and ONLY me, and the arena design is ONLY drawn up and built by MY people. I don't involve local design firms in any step of the project, because the project is ONLY going to be built to the standards I like for ME. And those at Ottawa's City Council are not free to reject my business plan. They vote for my plan with no dissents and no meetings among themselves. So, you either build MY project where I tell you to build it and how, or the Senators are relocated to the U.S. city of MY choosing. End of discussion.'
I'm pretty sure that's the height of arrogance, and a sign that Gary's stayed at the party for WAY too damn long.
I'd be raising hell on Bettman for this, if I was a proper Sens fan.
Get in his face about it, and shove it down his throat. o.o
