Ottawa Senators receiving bids for more than 900 million USD (1.24 billion CDN)

[Sun God Nika]

Unfortunately, the sellers don't usually care what happens with a team after they sell. So they will take the highest bid.

In this case the sellers want to keep a 5-10% legacy stake in the team and do care what happens after

 

[tfwnogf]

if we (hfboards) pool our money together could we make a bid? I'll throw in 10 bucks

 

[BLONG7]

How much for a new stadium downtown? Or are they moving to Quebec City?

 

[HockeyVirus]

I was born to the wrong family lol. Imagine inheriting a 1B franchise

 

[Gaylord Q Tinkledink]

I was born to the wrong family lol. Imagine inheriting a 1B franchise

Just say you identify as a Melnyk

 

[bert]

How much for a new stadium downtown? Or are they moving to Quebec City?

Absolutely 0 chance they move anywhere let alone a city half the size that has even less private money and way lower average dual home income.

 

[NyQuil]

How much for a new stadium downtown? Or are they moving to Quebec City?

Maybe read the thread. The answer is in post #6.

 

[Golden_Jet]

I hope that the Ottawa Senators don't go to the highest bidder, but rather to an ownership group that will care for the team after the purchase is made. For example, by spending to the salary cap limit and being an actual fan of the team.

You would think that the highest bidder would also care for the team after purchase, considering the fact that they should care for an asset that they paid so much for. But this isn't always the case.

Unfortunately, the sellers don't usually care what happens with a team after they sell. So they will take the highest bid.

Well fortunately, The NHL had said the team may not go to the highest bid, the recommendation would be for the best fit.
Said if possible if big discrepancy , the league would would hint at the party to come up a little on their bid.

 

[WarriorofTime]

That's it? Didn't the Phoenix Suns go for $4 billion?

 

[NyQuil]

if we (hfboards) pool our money together could we make a bid? I'll throw in 10 bucks

We can decide player movement via the HF polls board and the HF trade proposals board.

I'm sure it would go very well because of how smart we are collectively.

That's it? Didn't the Phoenix Suns go for $4 billion?

Chelsea FC went for $3.2B in 2022 which was the highest price paid for a sports team at the time.

All I can say is that someone in Phoenix is overpaying, although you failed to mention that they also acquired the WNBA Phoenix Mercury.

Quite frankly, I'm pretty amazed that a small market franchise in a niche sport might sell for ~1/3 of the sale price for a premier club in the most popular sport in the world that is located in one of the areas with the most expensive real estate on the planet.

 

[Golden_Jet]

If that corporate base evaporated, do you think SBA would suddenly be down in the bottom 5 with Ottawa? I think you underestimate the region and it's hunger for all things hockey/Leafs.

I doubt a lot of Joe leaf fans are taking a family of 4 out for a night of a $1000 bucks that often.
Should remove hockey and change to leafs, since all junior franchises move there.

This thread has ZERO to do with the leafs. Unless Sens in your head.

 

[WarriorofTime]

We can decide player movement via the HF polls board and the HF trade proposals board.

I'm sure it would go very well because of how smart we are collectively.



Chelsea FC went for $3.2B in 2022 which was the highest price paid for a sports team at the time.

All I can say is that someone in Phoenix is overpaying, although you failed to mention that they also acquired the WNBA Phoenix Mercury.

Quite frankly, I'm pretty amazed that a small market franchise in a niche sport might sell for ~1/3 of the sale price for a premier club in the most popular sport in the world that is located in one of the areas with the most expensive real estate on the planet.

Mat Ishbia acquired the Suns, and he is a HUGE sports guy, he's given tons of money to Michigan State athletics (he was a walk-on for Tom Izzo's national championship winning basketball team), so he likely paid a premium because of how badly he wanted a team.

 

[Golden_Jet]

That's it? Didn't the Phoenix Suns go for $4 billion?

Not sure , but does become the highest amount paid for an NHL franchise, until another team beats it.

 

[BayStBullies]

I'd like to place a bid of $1,000

 

[Lady Stanley]

Absolutely 0 chance they move anywhere let alone a city half the size that has even less private money and way lower average dual home income.

A) They already got the arena, something Houston/Atlanta/Arizona don't currently have lined up. That's basically a half billion dollar down payment for a team.

B) There's 8 million people in Quebec. About 3 million live between Montreal and Quebec city. For those people Quebec City is a major destination for most of the year, not to mention tourists from all over. It won't be an everyday thing, but there'll be a noticeable volume of people driving in for doctors visits etc for the foreseeable future during weeknights etc.

C) The Nordiques will have total support of the political parties of the nation. The team will never leave, there's no massive lobby group in Quebec that is gonna rally against government money going to the team. Quebec politics puts their culture above virtually everything else. Go do some research throwing a bit of money at the team if they happen to have tough financial times isn't even a rounding error for them. It'll be instantly part of the political/societal sphere of Quebec.

D) The Canadian economy is changing, Halifax just got a massive influx of people fleeing high housing costs in Ontario. It's only a matter of time, until that same migration makes Montreal too expensive/undesirable to the french speaking population and they begin moving down river in large number. Canada doesn't have any noticeable amount of illegal immigration the government is in total control of this and they've chosen ultra high growth. Trudeau has committed the country to a half million immigrants a year, it is pretty much a certainty that Quebec City/Rural Quebec will be the next big benefactor of this, as most of Ontario is all filled up and facing major land shortages. Montreal is the logical place for relocation for Anglos wanting to live in a proper city as Vancouver is also too expensive. That puts population pressure down river.

 

[WarriorofTime]

Not sure , but does become the highest amount paid for an NHL franchise, until another team beats it.

What was the last sale? Genuinely asking because I can't recall. Seems like a lot of NHL franchises have been owned in the same group since forever.

 

[sxvnert]

All bids were non binding. The next round will show what people are really willing to pay.

 

[NyQuil]

What was the last sale? Genuinely asking because I can't recall. Seems like a lot of NHL franchises have been owned in the same group since forever.

Back in 2021:

Penguins complete sale to Fenway Sports Group for 'around' $900M

Ron Burkle and Mario Lemieux are expected to stay on with the organization after cashing in.

ca.sports.yahoo.com

All bids were non binding. The next round will show what people are really willing to pay.

Just like the unrestricted free agent market, the more bidders out there, the more competition, the higher the prices.

They always end up paying more than what the player is worth.

 

[Golden_Jet]

What was the last sale? Genuinely asking because I can't recall. Seems like a lot of NHL franchises have been owned in the same group since forever.

Pittsburgh 15 months ago was $900 million

 

[I Hate Philadelphia]

Only thing about the Sens worth $900 million is the ability to move them to another city.

 

[triggrman]

Haslam is buying the Predators for $950 but it's over the next 3 years, which makes it really lower than the total price tag.

 

[Golden_Jet]

Only thing about the Sens worth $900 million is the ability to move them to another city.

Since we know that’s not happening, got any better troll comments

 

[Arthur Morgan]

going to be hard not to like Ottawa a little atleast with Ryan Reynolds part of the ownership.

 

[WarriorofTime]

Pittsburgh 15 months ago was $900 million

Gotcha, I probably would have guessed the Penguins would have sold for more than that tbh, and more than Ottawa, but maybe amongst the Canadian Elite, there is just more demand for a hockey club.

 

[IranCondraAffair]

How much for a new stadium downtown? Or are they moving to Quebec City?

Ottawa is a more valuable city for an NHL Franchise than Quebec City, you don't buy the Rangers and move them to Connecticut