MMC
Global Moderator
No matter which group buys the Senators, they’re expected to try to engage in a partnership with local businessman Jeff York.
York, a former chief executive officer of Farm Boy, brought together a group of Ottawa business people who want to be involved in the franchise.
We’re also told York has raised more than $100 million from a group of 20 local investors at $5 million each to be a part of whichever bid won the bidding war.
The belief is York’s representatives have spoken to all the groups in the process because they believe it’s important to have local representation.
Part of their goal is to get the business community re-engaged with the Senators and they feel supporting the new owner is a strong step.
York, a former chief executive officer of Farm Boy, brought together a group of Ottawa business people who want to be involved in the franchise.
We’re also told York has raised more than $100 million from a group of 20 local investors at $5 million each to be a part of whichever bid won the bidding war.
The belief is York’s representatives have spoken to all the groups in the process because they believe it’s important to have local representation.
Part of their goal is to get the business community re-engaged with the Senators and they feel supporting the new owner is a strong step.