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

[Flamingo]

its almost like having lower net worth owner turns them on.

More compliant at the BoG?

 

[Mingus Dew]

There’s some fans on these boards that love their cheap owners. Pay them no mind lol .

Even the Andlauer was my last preference if he has the Malhotras of Claridge + Local investors the group should still be able to hold its own. Not gonna lie it’s going to suck not having Steve Apolostopolous wallet but what can you do ?

As long as they consistently spend to the cap I'm fine with it. Just having an owner that isn't batshit insane in the media will be wonderful.

 

[Senscore]

Maybe they feel Steve Apostolopoulos is just throwing his money around because he lost the football bid.


Who knows.

 

[Nac Mac Feegle]

Well we still don't know who the owner is, regardless of these tweets. Maybe Andlauer actually had a higher bid than Steve Apostolopoulos.

I hope they look beyond the bid numbers.

I mean, we also want an owner who is oging to build a world class entertainment district somewhere downtown. That's going to cost money. I don't want to see someone over levereged and shaving $150-250 million off the project to afford it, and then end up with an arena and complex that is mediocre for the next 40 years. This has to be done right. And that will take a shitload of money.

 

[Gil Gunderson]

Melnyk’s net worth wasn’t anywhere close to 1.2 billion in the last decade.

And I don’t think Andlauer is going at it alone.

 

[jbeck5]

Melnyk’s net worth wasn’t anywhere close to 1.2 billion in the last decade.

And I don’t think Andlauer is going at it alone.

Well, if he owned the sens, and they're worth 1B, obviously his net worth was close to 1.2B

Unless you mean net worth as worth excluding the team.

But then if this guy is worth 1.2 and buys the team for a bill, in your eyes he'd only be worth 200M.

 

[h2]

Not interested in a Habs fan with low net worth owning the Sens.

Deep pockets baby, let’s go!

 

[StittsvilleJames]

Well, if he owned the sens, and they're worth 1B, obviously his net worth was close to 1.2B

Unless you mean net worth as worth excluding the team.

But then if this guy is worth 1.2 and buys the team for a bill, in your eyes he'd only be worth 200M.

The sens weren't valued anywhere near 1B$ when The Euge was alive.

 

[Gil Gunderson]

Well, if he owned the sens, and they're worth 1B, obviously his net worth was close to 1.2B

Unless you mean net worth as worth excluding the team.

But then if this guy is worth 1.2 and buys the team for a bill, in your eyes he'd only be worth 200M.

The Sens were worth like 600 mil when Melnyk was last alive. Also the Sens were Melnyk’s primary revenue stream. He wasn’t operating anything else of significance for years.

And it’a not going to be Andlauer alone. Add ain Jeff York and possibly Claridge as minority owners.

 

[jbeck5]

The sens weren't valued anywhere near 1B$ when The Euge was alive.

Well, maybe not theoretically, but in practice, yes, evidently. It's not because he's dead that the value is what it is. There's the whole development part of the deal, and that's been in play for years now.

 

[Mingus Dew]

He also said they are going to take a whole extra week to decide lmao.

So ridiculous.

 

[jbeck5]

The Sens were worth like 600 mil when Melnyk was last alive. Also the Sens were Melnyk’s primary revenue stream. He wasn’t operating anything else of significance for years.

And it’a not going to be Andlauer alone. Add ain Jeff York and possibly Claridge as minority owners.

I think they were worth more. That was just an estimate. Had this process started a year before when Melnyk was alive, I don't see how things aren't playing out any different. Of course it's speculation, but nothing has happened in the last year to drive the price. LeBreton has been talked about for years. That was just a low estimate, and it's was quite off, evidently.

Sure, but that's not what I was responding to lol. I was just talking net worth of the individuals and that's it.

 

[DrSense]

You want a collective ownership group with net worth certainly north of $2B. A lot more, ideally. You don't want 80% of their net worth tied up in the franchise. It's like buying a $1M home and you are only personally worth $1.2M. That is not a smart investment given the cash requirements of maintaining your home etc.

You also want a principal owner as part of the group with very deep pockets and substantial cash flow to help invest in the organization when required. That is the challenge with the Sparks group. This is also the challenge various Sens owners in past have run into. Eugene in his early days has really been the only flush owner the organization has ever had, and that changed after about 5 years with his departure from Biovail and other financial hits he took. The Sens have felt that at every juncture.

 

[Speatleysson]

oh boy we went with the guy with the least amount of money and all the eugene melnyk defenders here like. That’s a great sign.

Neko Sparks and Snoop Dogg have far less money.

 

[sennysensen]

Steve Staios next GM?

Since Andlauer won't officially own the team until August, will he ask the Melnyk girls to fire Dorion and hire Staios as GM say around June 1 so he can run the draft (basically pick who the scouts tell him to pick) and do free agency July 1? I doubt Andlauer wants lame duck Dorion trading players, making the Cat decision, and signing free agents.

 

[Mingus Dew]

Steve Staios next GM?

Since Andlauer won't officially own the team until August, will he ask the Melnyk girls to fire Dorion and hire Staios as GM say around June 1 so he can run the draft (basically pick who the scouts tell him to pick) and do free agency July 1? I doubt Andlauer wants lame duck Dorion trading players, making the Cat decision, and signing free agents.

This would be the most positive thing about Andlauer winning IMO.

 

[Golden_Jet]

This is probably really early, but I'd love to know why Steve Whatshisname isn't the lead guy. He has big money and can buy the team himself in cash (apparently, considering his bid of an NFL team). Dude worked with the NHL before and brought in investors. Wouldn't the NHL want a really heavy hitter in Ottawa to stabilize things?

He wasn’t paying cash for Commanders, as that was his net worth including businesses. Might not even be that high depending what you read. But likely highest net worth, as not sure about Neko.

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[Speatleysson]

You want a collective ownership group with net worth certainly north of $2B. A lot more, ideally. You don't want 80% of their net worth tied up in the franchise. It's like buying a $1M home and you are only personally worth $1.2M. That is not a smart investment given the cash requirements of maintaining your home etc.

You also want a principal owner as part of the group with very deep pockets and substantial cash flow to help invest in the organization when required. That is the challenge with the Sparks group. This is also the challenge various Sens owners in past have run into. Eugene in his early days has really been the only flush owner the organization has ever had, and that changed after about 5 years with his departure from Biovail and other financial hits he took. The Sens have felt that at every juncture.

Ya well.. given the fact that they only had 4 bids, this one may have just made the most sense. Sparks bid was totally bunk, Kimel's have similar net worth to Andlauer minus the networking and experience, and Apostolopoulos may be the richest, but he may have put up some red flags that we are unaware of.

IF these reports are true, and Andlauer is set to be the next owner, I too wish that his pockets were deeper.. but this may just be a best case scenario based on the few bids they got.

 

[Silencio]

 

[Pancakes Pancakes]

My question is, where is the real estate component of the bid? Remington, Kimmel and Apostolopoulos all had real estate experience or a component to it, Andlauer doesn't seem to and he's not a real estate guy. My guess is he's looking to stay in Kanata.

 

[Golden_Jet]

.

 

[Gil Gunderson]

My question is, where is the real estate component of the bid? Remington, Kimmel and Apostolopoulos all had real estate experience or a component to it, Andlauer doesn't seem to and he's not a real estate guy. My guess is he's looking to stay in Kanata.

He’s had conversations with the Malhotras but that’s all I’ve heard.

 

[BankStreetParade]

This would be the most positive thing about Andlauer winning IMO.

The most positive thing would be replacing an experienced GM with a totally inexperienced one?

 

[Pancakes Pancakes]

He’s had conversations with the Malhotras but that’s all I’ve heard.

If there one thing we don't need, is Claridge involved in a massive development of that sort. would have been nice to bring in developers with fresh ideas/concepts from outside Ottawa.

 

[Gil Gunderson]

If there one thing we don't need, is Claridge involved in a massive development of that sort. would have been nice to bring in developers with fresh ideas/concepts from outside Ottawa.

It sucks but it’s probably on par with Remington.