Confirmed with Link: Senators are for sale - and it’s a Gong Show

[Masked]

A Stittsville in a major highway system/interchange where you don't have to worry about snow and where there's soon to be a ton of development in a a quickly growing area.

In 10 years, that place is going to be a destination.

Like Glendale?

Assen na yo!

 

[branch]

The NCC needs to go

 

[Gil Gunderson]

GARRIOCH: Bye-bye Ryan? Feels like missed opportunity for Senators and the NHL

The end of an ownership bid headlined by actor Ryan Reynolds was confirmed on Thursday.

ottawasun.com

From the new Bruce article. Looks like there may still be a chance.

The biggest question for Ottawa fans now is this: Is Reynolds gone for good?

It sure looks like it, but a league source did present a scenario that left the door open for Reynolds’ return. It’s believed he has met with most of the groups that remain in the picture going into the Monday deadline and there is a path open if he wants to follow it.

Reynolds committed himself to Remington because he liked what he heard and believed in their vision for the Senators.

He didn’t do this because he planned to jump elsewhere, but that doesn’t mean other groups may not try to entice him to return and be part of their ownership groups.

It’s believed Reynolds and Toronto-based billionaire Michael Andlauer met at least once in New York during the bid process and there have certainly been discussions with Jeffrey and Michael Kimel.

But it sure feels like, with Reynolds out of the picture, the Senators and the NHL have let a big victory slip away.

 

[Senator Stanley]

GARRIOCH: Bye-bye Ryan? Feels like missed opportunity for Senators and the NHL

The end of an ownership bid headlined by actor Ryan Reynolds was confirmed on Thursday.

ottawasun.com

From the new Bruce article. Looks like there may still be a chance.

If this is a two horse race between the Kimel and Andlauer bids, and Reynolds is valued by the NHL, it stands to reason that both groups will try to court him - to get him on their side and perhaps just as importantly to keep him away from the rival bid.

 

[Gil Gunderson]

If this is a two horse race between the Kimel and Andlauer bids, and Reynolds is valued by the NHL, it stands to reason that both groups will try to court him - to get him on their side and perhaps just as importantly to keep him away from the rival bid.

Both groups have connections to Bettman (current and former minority owners). Andlauer looks like he's getting Jeff York's local investor consortium (100 mil) on his side and has had discussions with Claridge (Malhotra family). Kimels already have The Weeknd (local ties) and adding Reynolds would be pretty big.

These really do seem like the favourites at this point. The Sparks bid has to do more to convince me it's serious. Neko barely seems real and it is supposedly made up of like 15 unnamed investors.

 

[PlayersLtd]

how is the NCC the issue here. They awarded the original big project and the melnyk and what's his face screwed that up. Then recently, with the parcels left the Sens signed the development agreement. Then the Sens are put up for sales and a new bidder wants to negotiate with the NCC and city and the broker and Sens board says no.

At least that's what I got from all of this.

The NCC has a well documented history of being quite literally the worst partner possible for development, land transfers, city projects etc... They are mired in red tape, they move at a snails pace, they are incredibly risk averse and they get in their own way at every stop.

A month ago, rumours surfaced that groups were concerned that the NCC would not be a viable partner to see through such a big project. This is when Bettman came to town and, along with some of the groups, they toured other sites and made statements to apply pressure on the NCC. The writing seemed to be on the wall and everyone, the City included, were nervous that the NCC would screw this up.

If they want an arena they need to publicly posture in a way that shows they are serious and deliver some lip service at this point in the game, not play coy. There is an extra $200M wrapped up in the sale and nobody is going to pony that up without some assurance that the development and lease terms will be workable. The preferred bidder status that comes with the team is not worth the paper it is written on unless some terms come along with it. The Remington Group saw through this and pulled out because the deal doesn't make sense without it. Why this happened so late was likely because there was some chicken being played behind the scenes, and still is.

The least the NCC could do is provide some consumer confidence by posturing in a way that makes them look like serious partners. The only thing we have heard to that affect is the potential expansion of the lands to actually fit an arena. Nice, but offsetting that are concerns about parking, indigenous claims, decontamination costs and a slew of other things that could restrict the potential development. As another poster put it, it's like buying a house but not being allowed an inspection.

Sure it doesn't all fall on the NCC after all they aren't the ones that blocked the recent exclusivity request. The NHL has bungled some of this too it would seem but ultimately all of this could have been avoided if the NCC made some statements about the terms, provided some legal guarantees etc...Instead they have been relatively silent pretending like they only need to get involved once a new owner is chosen. That is proving to be untrue, because so much is at stake in the inflated sale price.

The Ottawa Senators are also to blame however and here is the biggest misstep in my opinion. Had they gone down the road of getting the permits or at least a legally binding memorandum of understanding from the NCC then there would actually be some real value attached to the deal. Instead all there is is a flakey preferred bidder status which is now rightfully being met with caution.

That's how I see it anyway.

 

[Upgrayedd]

The NCC has a well documented history of being quite literally the worst partner possible for development, land transfers, city projects etc... They are mired in red tape, they move at a snails pace, they are incredibly risk averse and they get in their own way at every stop.

A month ago, rumours surfaced that groups were concerned that the NCC would not be a viable partner to see through such a big project. This is when Bettman came to town and, along with some of the groups, they toured other sites and made statements to apply pressure on the NCC. The writing seemed to be on the wall and everyone, the City included, were nervous that the NCC would screw this up.

If they want an arena they need to publicly posture in a way that shows they are serious and deliver some lip service at this point in the game, not play coy. There is an extra $200M wrapped up in the sale and nobody is going to pony that up without some assurance that the development and lease terms will be workable. The preferred bidder status that comes with the team is not worth the paper it is written on unless some terms come along with it. The Remington Group saw through this and pulled out because the deal doesn't make sense without it. Why this happened so late was likely because there was some chicken being played behind the scenes, and still is.

The least the NCC could do is provide some consumer confidence by posturing in a way that makes them look like serious partners. The only thing we have heard to that affect is the potential expansion of the lands to actually fit an arena. Nice, but offsetting that are concerns about parking, indigenous claims, decontamination costs and a slew of other things that could restrict the potential development. As another poster put it, it's like buying a house but not being allowed an inspection.

Sure it doesn't all fall on the NCC after all they aren't the ones that blocked the recent exclusivity request. The NHL has bungled some of this too it would seem but ultimately all of this could have been avoided if the NCC made some statements about the terms, provided some legal guarantees etc...Instead they have been relatively silent pretending like they only need to get involved once a new owner is chosen. That is proving to be untrue, because so much is at stake in the inflated sale price.

The Ottawa Senators are also to blame however and here is the biggest misstep in my opinion. Had they gone down the road of getting the permits or at least a legally binding memorandum of understanding from the NCC then there would actually be some real value attached to the deal. Instead all there is is a flakey preferred bidder status which is now rightfully being met with caution.

That's how I see it anyway.

Bookmarking this for the inevtiable plaque mounted on the barren Lebreton Flats area, for 100 years from now

 

[Yak]

Who knows if this is a play from RR/ Remington or NCC. Lots of money involved and we are getting down to final stages.

I don't see a single bidder rejecting RR from their group if he decides to flea the Remington group. He will be the big Fish UFA ....lol

Going to be a crazy May in regards to rumors coming fast and furious, hold onto your hats. Do get to attached to one bid or another and no one is counted out till new owner is announced.

 

[ACLEVERNAME]

Posted the day before hand looking more jittery than usual.... what does he know?

 

[Tuna99]

Process remains fluid, lots of moving parts, totally organic situation, multi layered, vibrant

 

[GCK]

Anyone else feel the sale price will end up closer to 850M than the 1B that’s being bandied about.

 

[Loach]

Anyone else feel the sale price will end up closer to 850M than the 1B that’s being bandied about.

Going to drop huge. Bidders are learning about the NCC. The new arena probably won't be at Lebreton too. Imagine if it drops to 750 or 700? Lol. It's the Senators curse.

 

[Micklebot]

Anyone else feel the sale price will end up closer to 850M than the 1B that’s being bandied about.

Possibly, one of the bigger players just dropped out, so that gives the remaining bidders a bit more leverage.

In the end, it's actually better for the franchise if the price comes down since the higher the sale price the more debt the new ownership is likely to start off with, so other than the disappointment that Reynolds is unlikely to be involved now, this is probably not a bad thing

 

[Micklebot]

Going to drop huge. Bidders are learning about the NCC. The new arena probably won't be at Lebreton too. Imagine if it drops to 750 or 700? Lol. It's the Senators curse.

Wait... You think up until now the bidders had no understanding of the NCC? Seems pretty far fetched.

 

[Loach]

Wait... You think up until now the bidders had no understanding of the NCC? Seems pretty far fetched.

I mean actually dealing with them. You can do all the research you can, get all the info available..but until you talk face to face you don't really know. Does that make more sense?

 

[Byron Bitz]

Anyone else feel the sale price will end up closer to 850M than the 1B that’s being bandied about.

Yes especially since on top of the sale they have to put aside enough money to build an arena and I don’t even know how much that’s gonna cost

 

[Tuna99]

Wait... You think up until now the bidders had no understanding of the NCC? Seems pretty far fetched.

Gotta think if you’re looking to build an arena you’ve dealt with city / state / county / provincial bodies before and that you have lawyers who know how to negoatite with them.

The NCC and City of Ottawa are a pain in the arse but nothing out of the ordinary

 

[Tnuoc Alucard]

REVISITING THE FLATS after 50 YEARS (and 100, and 150, and 200)

Phil Jenkins, cover your ears! LeBreton Flats was a nasty place. I think that fifty years ago urban renewal might have been a bold move, bu...

urbsite.blogspot.com

 

[Forgetful]

Tullio makes me nervous, isn't he threatening to move the Generals,over an arena?

 

[Mingus Dew]

Gotta think if you’re looking to build an arena you’ve dealt with city / state / county / provincial bodies before and that you have lawyers who know how to negoatite with them.

The NCC and City of Ottawa are a pain in the arse but nothing out of the ordinary

Wouldn’t surprise me if bidders weren’t allowed to talk to government/city officials before a winning bid was picked.

 

[Billy Bridges]

It seems pretty obvious to me that Remington/Reynolds are in the drivers seat and were the only really serious bid. They did all the legwork with the city, with the fans, with the arena, with the indigenous community, with local ownership groups. None of the other bids were as complete. Not even close. They are clearly the preferred option by Bettman and the NHL.

At this point, they just want to "get on with it" and drop the charade. But GSP and the Melnyks want to go through the whole process to let other bids drive up the price, but Remington/Reylonds are not buying it. They know they have extra leverage with the league, and they know their billion dollar package is good enough.

This is 100% a power move. Not a chance in hell they just walk away from all of this at the 11th hour just because of this.

Totally agree. The deal may still fall through, but if they really wanted to completely pull out and not bid, they wouldn't leak the story to multiple media outlets 5 days before the deadline. The May 15th deadline will disappear and this circus will continue.

 

[Nac Mac Feegle]

The NCC has a well documented history of being quite literally the worst partner possible for development, land transfers, city projects etc... They are mired in red tape, they move at a snails pace, they are incredibly risk averse and they get in their own way at every stop.

A month ago, rumours surfaced that groups were concerned that the NCC would not be a viable partner to see through such a big project. This is when Bettman came to town and, along with some of the groups, they toured other sites and made statements to apply pressure on the NCC. The writing seemed to be on the wall and everyone, the City included, were nervous that the NCC would screw this up.

If they want an arena they need to publicly posture in a way that shows they are serious and deliver some lip service at this point in the game, not play coy. There is an extra $200M wrapped up in the sale and nobody is going to pony that up without some assurance that the development and lease terms will be workable. The preferred bidder status that comes with the team is not worth the paper it is written on unless some terms come along with it. The Remington Group saw through this and pulled out because the deal doesn't make sense without it. Why this happened so late was likely because there was some chicken being played behind the scenes, and still is.

The least the NCC could do is provide some consumer confidence by posturing in a way that makes them look like serious partners. The only thing we have heard to that affect is the potential expansion of the lands to actually fit an arena. Nice, but offsetting that are concerns about parking, indigenous claims, decontamination costs and a slew of other things that could restrict the potential development. As another poster put it, it's like buying a house but not being allowed an inspection.

Sure it doesn't all fall on the NCC after all they aren't the ones that blocked the recent exclusivity request. The NHL has bungled some of this too it would seem but ultimately all of this could have been avoided if the NCC made some statements about the terms, provided some legal guarantees etc...Instead they have been relatively silent pretending like they only need to get involved once a new owner is chosen. That is proving to be untrue, because so much is at stake in the inflated sale price.

The Ottawa Senators are also to blame however and here is the biggest misstep in my opinion. Had they gone down the road of getting the permits or at least a legally binding memorandum of understanding from the NCC then there would actually be some real value attached to the deal. Instead all there is is a flakey preferred bidder status which is now rightfully being met with caution.

That's how I see it anyway.

I don't understand any of this (the situation, not your post).

There's a huge amount of money to be made here. For the team, the city, the league. And the NCC can rid itself of an embarrassing piece of contaminated land and turn it into the jewel of the region.

How the hell is anyone screwing this up so badly?

 

[Nac Mac Feegle]

Like Glendale?

Assen na yo!

You can laugh, but I'm legitimately worried here. Unless Ottawa magically gets a huge high tech market back with 20k workers with six and seven figure salaries and billionaire ownership (and another massive population boost), then this will always remain a sleepy, financially limited, government city. We're not Toronto or Vancouver and we don't have Alberta's big oil money.

We desperately need that new downtown arena and extra development to really make the Sens make sense in this city long term.

Seeing things start to get flaky now isn't a good thing.

 

[Micklebot]

I mean actually dealing with them. You can do all the research you can, get all the info available..but until you talk face to face you don't really know. Does that make more sense?

Have you actually dealt with them? I mean, presumably you're basing your belief that dealing with the NCC is the issue is causing issues purely on publically available knowledge as opposed to first hand experience trying to negotiate a land development deal with them...

It seems to me any dealings with the NCC at this point would have been minimal, I have a hard time blaming anything on them yet. They'll throw a wrench into the works eventually, of that I'm sure, but right now it seems like they're just an easy target for fan frustration.

 

[jbeck5]

I feel like Reynolds as an actor appeals to a much wider group of demographics while musicians likely get more die hard appeal from narrower demographics.

Most people can find a Ryan Reynolds movie they enjoy, but people tend to be more tribal with their music tastes, with some exceptions. Not a lot of people will like both Snoop and Garth Brooks for example, or Pantera fans that also listen to Katie Perry.

Maybe not when you're younger. You have tunnel vision and are very narrow minded.

Come to think of it, that perfectly describes older people too.

But it seems to be that 20-40 year olds can jam to a Beatles or rolling stones song, jam to an acdc or led Zeppelin song, jam to 90s rap or Tom Petty or something, and then end if off with some back street boys, Eminem, and then a bunch of EDM songs.

Whenever we have parties, there's not just 1 genre or 1 era. We'll listen to CCR then Shania Twain then Alanis Morissette then 50 cent then Avicii. Don't you think when Dr Dre and Snoop Dogg somes on, that we'll recognize and sing along to those hits?

Yet I can't remember the last time I saw Reynolds in a movie. Me, nor any of my friends are the "super hero movie" type of person. We'd rather be outdoors socializing.

I remember watching Van Wilder...just friends...not sure what else, but it's been a decade.