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

[Wondercarrot]

I hope they all come a couple hundred million less now, that would be hilarious.

 

[JungleBeat]

I think a wrinkle in all this is that a bunch of mega rich people are going to spend nearly a billion dollars to buy the Sens, but then they have to figure out how to claim they can’t afford to build a new arena without getting a big handout from taxpayers.

Hire Ryan Reynolds to make a statement about a publicly founded arena deal and all middle aged men will agree with him.

 

[PlayItAgain]

I hope they all come a couple hundred million less now, that would be hilarious.

I think that was the mostly likely scenario to start with. The 1B number thrown out there was now obviously dependant on more land available to develop on. I expect bids to come in at 800 mill give or take to buy the senators as is.

 

[MMC]

 

[Ouroboros]

Final bids are expected by Monday and there could be news of the sale announced this week, as early as Wednesday.

Buckle up.

 

[Adele Dazeem]

At this point HFSens could find a seat at Neko Sparks' table.

Who's in?

 

[Tuna99]

This doesn’t feel or seem real - I 100% don’t believe this portion of the statement from the Sparks group , as if an NHL team is a co-op drop off center for NHL ownership and NHL revenue streams.

“A source says the Sparks group is so flexible in its approach to buying the team that it will include even more First Nations groups down the road if they would like to be involved in the ownership of the team or other ventures related to the arena or other branch businesses.”

Like you’re profiting millions a season and you’re just going to open that profit up to any First Nations group who has an interest in any revenue stream you have- this is pie in the sky fantasy thinking.

I don’t think the NHL likes Willy nilly ownership - I’m going to go with Andlauer wins the bid and the boring aryan ownership lineage continues

Source: Neko Sparks bid offering First Nations groups equity stake in Senators

Ahead of Monday’s deadline to purchase the hockey club, a source involved in the bid says the Sparks group has branched off to include First Nations communities in a way that would make them partners in the hockey club as well as a wide range of economic opportunities off the ice.

www.sportsnet.ca

 

[Tuna99]

What would do more to promote the NHL into new markets and create new fans ?

1. A 15 episode season long Wrexham style international show on Disney about the Ottawa Senators

2. Snoop Dog buying a webcam and recording a 10 minute video smoking a righteous blunt with Connor McDavid, Brady Tkachuk, Brad Marchat and Austin Matthews?

(I bet Connor passes to the right)

 

[Nac Mac Feegle]

That seals it for Sparks.

We're screwed.

 

[Senscore]

This has become a complete f***ing circus, like everything else with this team.

 

[Tnuoc Alucard]

This doesn’t feel or seem real - I 100% don’t believe this portion of the statement from the Sparks group , as if an NHL team is a co-op drop off center for NHL ownership and NHL revenue streams.

“A source says the Sparks group is so flexible in its approach to buying the team that it will include even more First Nations groups down the road if they would like to be involved in the ownership of the team or other ventures related to the arena or other branch businesses.”

Like you’re profiting millions a season and you’re just going to open that profit up to any First Nations group who has an interest in any revenue stream you have- this is pie in the sky fantasy thinking.

I don’t think the NHL likes Willy nilly ownership - I’m going to go with Andlauer wins the bid and the boring aryan ownership lineage continues

Source: Neko Sparks bid offering First Nations groups equity stake in Senators

Ahead of Monday’s deadline to purchase the hockey club, a source involved in the bid says the Sparks group has branched off to include First Nations communities in a way that would make them partners in the hockey club as well as a wide range of economic opportunities off the ice.

www.sportsnet.ca

with this, I agree…. It smacks of virtue signalling ….. the sale and potential new owners should be merit based… not some DEI snowflake appeasing bs.

 

[Golden_Jet]

That's easy, They just spent a billion dollars, and they no longer have the type of funds needed to build an arena alone. They will need years to build up that kind of money.

Now, that is maybe BS, maybe not, hard to say. An arena is an investment, it will pay for itself, eventually but it does require quite the upfront cost.

There rink will be heavily loaned, I’m sure the team will be leveraged as well.

 

[ottawah]

I would be pretty shocked if Bettman let them get as far as putting a firm bid in with deposiy without first giving them a heads up first that the consortium probably isnt going to fly...

Maybe. Or maybe its a string them along type of situation so they increase the number of bidders to drive up the price. Remember the higher the price the better it is for the NHL as it raises the floor for future sales. Or of course, if their offer is significantly more then they would accept it. Same reason.

But I firmly believe that if the bids are comparable, a consortium loses out every time. For every pro sports league. Especially in a small market like Ottawa where the league wants to see a downtown arena, buying the team is only the start of the cash outlays. Look how the Melnyk/Ruddy consortium worked out. Then multiple those personalities by 15 .....

 

[IpsoPostFacto]

with this, I agree…. It smacks of virtue signalling ….. the sale and potential new owners should be merit based… not some DEI snowflake appeasing bs.

In terms of the flats, there is the potential of issues there due to land claims, so more cash input and neutering the land claims killing two birds with one stone.

You may recall that several weeks back the local Native leader was quoted as saying he was disappointed that only one group had reached out to him - Remington.

 

[Sun God Nika]

A group with a lot of voices like the sparks group will likely have to elect a president of hockey ops to make the hockey decisions. Percentage of ownership dictates how many votes each member gets

 

[Masked]

In terms of the flats, there is the potential of issues there due to land claims, so more cash input and neutering the land claims killing two birds with one stone.

You may recall that several weeks back the local Native leader was quoted as saying he was disappointed that only one group had reached out to him - Remington.

Land claims are irrelevant. They'll be dealt with by the feds/NCC since they're the ones who own the land.

Assen na yo!

 

[Adrianopolous]

That seals it for Sparks.

We're screwed.

Why exactly are we screwed?

 

[IpsoPostFacto]

Land claims are irrelevant. They'll be dealt with by the feds/NCC since they're the ones who own the land.

Assen na yo!

I'm pretty sure that "land claims" is another way of the native groups disagreeing with who owns the land.

At any rate, it's not irrelevant. Everyone here more or less believes that the NCC has been a choke point here at one level or another. Can they fix that up in a timely matter - like say less than 6 decades.

If the NCC really wants a rink down there, anything that slows down the process or becomes a public spectacle means more of a chance of the sens just sticking with Kanata or perhaps some city owned land.

The native dude who spoke about contact with Reynolds basically said as much - and I'm parphrasing: "no no no, we dont' want to wreck any development at the flats. We just want to , you know, be involved". That sounds like a problem for the team to decide and not an NCC first problem.

 

[Sens Vader]

Bidding day! Let’s go I wanna see new owners in here, let’s get it over with

 

[Mightygoose]

Anyone know what time today's deadline is?

 

[thinkwild]

with this, I agree…. It smacks of virtue signalling ….. the sale and potential new owners should be merit based… not some DEI snowflake appeasing bs.

I could believe the sisters would be signalling to sell to a group that would have progressive ideas about minority ownership and native reconciliation. That probably would be virtuous. Surely you wouldn’t be suggesting that by reason of the fact it isn’t sold to a rich white billionaire it is not merit based? Even if this was as you suggest, some sort of DEI initiative, it would seem to be lacking a lot of imagination to not be able to see great potential for such a bid to do far better than others might. Instead of seeing at as some sort of lesser decision. Especially after seeing the dreadful quality of the supposedly merit based decisions of the past.

The Wrexham story was a great one. It had the right conditions for it. I dont see those same conditions or story making ability from the Sens.

 

[Flamingo]

Anyone know what time today's deadline is?

You still have time, but hurry.

 

[HSF]

Interesting note from the DFO Rundown podcast today. Servalli was saying that he believes the Edm Oilers will try to promote Holland to president and make Steve Staios the GM.

The reason he thinks this to be the case is that other teams like Ottawa, if Michael Andlauer becomes owner, will want to bring Staios in as the Ottawa GM

 

[Senator Stanley]

This doesn’t feel or seem real - I 100% don’t believe this portion of the statement from the Sparks group , as if an NHL team is a co-op drop off center for NHL ownership and NHL revenue streams.

“A source says the Sparks group is so flexible in its approach to buying the team that it will include even more First Nations groups down the road if they would like to be involved in the ownership of the team or other ventures related to the arena or other branch businesses.”

Like you’re profiting millions a season and you’re just going to open that profit up to any First Nations group who has an interest in any revenue stream you have- this is pie in the sky fantasy thinking.

I don’t think the NHL likes Willy nilly ownership - I’m going to go with Andlauer wins the bid and the boring aryan ownership lineage continues

Source: Neko Sparks bid offering First Nations groups equity stake in Senators

Ahead of Monday’s deadline to purchase the hockey club, a source involved in the bid says the Sparks group has branched off to include First Nations communities in a way that would make them partners in the hockey club as well as a wide range of economic opportunities off the ice.

www.sportsnet.ca

Sparks strikes me as someone who has overpromised to a bunch of different stakeholders to get them to join his bid, when the reality is that only so many them can actually have a meaningful voice.

Mendes calls him a film producer, and that's what this looks like. He's a film producer assembling a project. Starting from nothing, you tell an actor that you have this great director attached, you tell that same director you have this great actor attached, and you tell a financier that you have both the actor and the director attached. You tell all three that their voice will be respected in the process, knowing that that won't be possible, but needs to be said to get them to sign on. If everyone says yes, you've gone from nothing to something, and you deal with the hurt feelings later.

 

[MMC]