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

[Masked]

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.

Your paranoia is completely out of touch with reality. Ottawa is booming right now. That's a big part of the reason bidding for the team has exceeded expectations. The pandemic housing boom created a lot of wealth in the city.

Assen na yo!

 

[Samboni]

I’m not sure to what to make of the Remington group especially after hearing about some other deals that they wanted. They said that they would bid $1billion but would they have? Talk is talk until you have to pay. I can understand why the team decided not to give them exclusive negotiation rights as the other bidders would have likely launched legal action and everything would have gotten real messy.

I hope that the cream rises to the top and the team finds a great new owner.

 

[GCK]

I think it’s pretty telling that it appears all the bids interested in real estate plays are with Toronto developers. The Greenberg and Malholtra families have dealt with the NCC and city for decades and both are sitting out this “opportunity”.

 

[jbeck5]

I had to Google who the weekend was when I heard he was a potential owner.

Im 38

Neat thing about the weeknd.

When he rose to stardom a few years ago, I believe there was a moment where the 3 current biggest selling musicians were all Canadian. Justin Bieber, drake, and the weeknd.

 

[Micklebot]

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?

All that is just Nostalgia music though, and sure some people will broaden their taste as they age, but my point was more that there's a not at all insignificant portion of the population that is very narrow in musical taste.

Also, parties is different, you try to appeal to everyone and mix it up, people understand that not every song will be their favourite. what you listen to at home when you have control is what matters.

Ryan Reynolds isn't really offensive to anyone, he's pretty vanilla. Music, imo, is far more polarizing. That's all I'm getting at. People will say , oh cool, Ryan Reynolds, where as Snoop or the weekend are more likely to elicit stronger reactions on both sides of the spectrum.

 

[jbeck5]

All that is just Nostalgia music though, and sure some people will broaden their taste as they age, but my point was more that there's a not at all insignificant portion of the population that is very narrow in musical taste.

Also, parties is different, you try to appeal to everyone and mix it up, people understand that not every song will be their favourite. what you listen to at home when you have control is what matters.

Ryan Reynolds isn't really offensive to anyone, he's pretty vanilla. Music, imo, is far more polarizing. That's all I'm getting at. People will say , oh cool, Ryan Reynolds, where as Snoop or the weekend are more likely to elicit stronger reactions on both sides of the spectrum.

Yeah I think I can agree there.

 

[Sun God Nika]

I don’t See a world where all the ownership groups have not reached out to Reynolds

 

[Adrianopolous]

I don’t See a world where all the ownership groups have not reached out to Reynolds

He's not as popular as you think he is

 

[jbeck5]

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.

Now this is before the last year with talks of recessions and what not...

But I have a few friends who work in high tech in the west end, and apparently there was a lot of new companies going up and a huge expansion planned. I heard high tech was booming and that Ottawa was kind of a "silicone valley of the north".

Was that just Ottawa people pumping their own tires or is there any truth to that?

 

[Qward]

He's not as popular as you think he is

He is with the fans and marketing departments which is all that is needed.
He will build the brand and increase its value. Doesnt matter if you like him or not, thats whats important to investors

 

[Flamingo]

Now this is before the last year with talks of recessions and what not...

But I have a few friends who work in high tech in the west end, and apparently there was a lot of new companies going up and a huge expansion planned. I heard high tech was booming and that Ottawa was kind of a "silicone valley of the north".

Was that just Ottawa people pumping their own tires or is there any truth to that?

Ericsson and Nokia are expanding their Kanata North sites and hiring lots of engineers.

Ericsson Canada to grow Kanata workforce as part of $470M partnership with feds – Ottawa Business Journal

The project is supposed to create and provide training for hundreds of jobs in Kanata and Montreal, while establishing Canada as one of Ericsson's global research and development hubs.

obj.ca

Nokia to transform 26-acre Kanata campus

Three levels of government are planning to pitch in more than $70 million for a massive expansion of Nokia’s Kanata campus.

beta.ctvnews.ca

 

[RyCam]

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

Tullio, Sparks and Ranadive are the three groups I would be very unhappy about owning the team.

Now this is before the last year with talks of recessions and what not...

But I have a few friends who work in high tech in the west end, and apparently there was a lot of new companies going up and a huge expansion planned. I heard high tech was booming and that Ottawa was kind of a "silicone valley of the north".

Was that just Ottawa people pumping their own tires or is there any truth to that?

Although I'm sure all the plastic surgeons here would agree that Ottawa is the place to go for cosmetic enhancements North of the St Lawrence, I do feel like Ottawans do pump their own tires a little too much in terms of calling themselves the "Silicon Valley of the North". A lot of the big names in tech don't have any presence here and our startup scene is not as strong as the other big cities in Canada. That term is from a bygone era when we had a thriving Nortel and Corel in our city.

 

[Sens of Anarchy]

Ryan Reynolds' bid to buy Senators not moving forward

The Reynolds-Remington group was prepared to put a firm offer of $900 million (U.S.) on the Ottawa Senators with one key caveat.

theathletic.com

 

[Emerica]

Ryan Reynolds' bid to buy Senators not moving forward

The Reynolds-Remington group was prepared to put a firm offer of $900 million (U.S.) on the Ottawa Senators with one key caveat.

theathletic.com

Neko Sparks has also offered me to join his bid. I am evaluating my options at the moment and to respect the process i will have no further comments.

 

[Nac Mac Feegle]

Now this is before the last year with talks of recessions and what not...

But I have a few friends who work in high tech in the west end, and apparently there was a lot of new companies going up and a huge expansion planned. I heard high tech was booming and that Ottawa was kind of a "silicone valley of the north".

Was that just Ottawa people pumping their own tires or is there any truth to that?

Well, we were silicon valley north in the early to mid 1990s. Then the big bust happened.

I really hope we return to that (and bigger). But that's what I mean....we need those private sector (and not working with government contracts) companies in the city to have the type of wealth the NHL wants.

 

[Mingus Dew]

The longer a process like this goes on and the more uncertainty the seller creates the less interested bidders are going to be.

Debt markets are already f***ed and now you’ve got the former POTUS (whom ~50% of the population listens to, as do a whole slew of house reps and senators) calling on the United States government to default on its debt service.

Lenders are going to start dropping out and the cost of capital is going to go up dramatically. They need to get something done ASAP.

 

[Flamingo]

Well, we were silicon valley north in the early to mid 1990s. Then the big bust happened.

I really hope we return to that (and bigger). But that's what I mean....we need those private sector (and not working with government contracts) companies in the city to have the type of wealth the NHL wants.

If only Shopify could turn a profit.

Kinaxis is doing pretty well.

The big money is still in telecom here, and we no longer have a global telecom company headquartered here. Let’s see if the 5G/6G push in Ottawa revitalizes Kanata.

 

[Tuna99]

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

didn't Ryan Reynolds have a meeting with the mayor?

 

[Flamingo]

Tullio, Sparks and Ranadive are the three groups I would be very unhappy about owning the team.



Although I'm sure all the plastic surgeons here would agree that Ottawa is the place to go for cosmetic enhancements North of the St Lawrence, I do feel like Ottawans do pump their own tires a little too much in terms of calling themselves the "Silicon Valley of the North". A lot of the big names in tech don't have any presence here and our startup scene is not as strong as the other big cities in Canada. That term is from a bygone era when we had a thriving Nortel and Corel in our city.

Ottawa’s reputation as Silicon Valley north is well-established, it’s not just vanity or our own provincial perspective.

 

[RyCam]

Ian Mendes' article on The Athletic is probably the most grounded reporting I've seen so far on this development.

While it's easy to blame the Sens, NHL, GSP, city, NCC or whoever else, and I think you can blame some or all of those entities for dragging this process out longer than it should have been, this was an easy decision to make for GSP and the blame for Remington pulling out of the process falls squarely on Remington themselves.

Remington didn't want to play according to the rules set out and wanted an unfair advantage over the other bidders by getting an exclusive negotiation window and they were basically using Ryan Reynolds as leverage for that. This not only would've soured the team and league's relationship with the other bidders, it may have exposed the team to a potential lawsuit in the future as well.

 

[Relapsing]

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.

Sounds like confirmation bias

 

[Mingus Dew]

didn't Ryan Reynolds have a meeting with the mayor?

Sens could have consented to that.

Just speculating. It's not uncommon for potential buyers to be prohibited from speaking with the government and/or regulators until they have actual skin in the game.

 

[RyCam]

Ottawa’s reputation as Silicon Valley north is well-established, it’s not just vanity or our own provincial perspective.

"Silicon Valley North" is a term thrown around loosely to describe any Canadian city with a large tech scene, not just Ottawa. Literally every city in Canada with a large tech industry claims themselves to be "Silicon Valley North".

That so-called reputation is a remnant from an era when Ottawa was the backbone of the emerging telecom industry.

 

[Relapsing]

Ottawa’s reputation as Silicon Valley north is well-established, it’s not just vanity or our own provincial perspective.

Yep.

The only thing we're really missing st the moment is enough wet lab space to push R&D. Nortel formerly provided a lot of that capacity in the region.

There is a lot going on in the city right now, from new tech companies establishing themselves, to industry leaders and international players landing offices here to collaborate on some pretty important and innovative technologies.

Ottawa is, and is poised to continue to be, a leader in tech fields such as telecom, autonomous vehicles, defense, biosciences, and much more.

 

[Gil Gunderson]