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

[Speatleysson]

We can't even the sell the team properly.

Friedman should be careful about how he words this; I highly doubt the NHL nor GSP have lost control of this process. If anything, it sounds like the sale is going along according to plan. The Melnyk ladies just finished meeting with the bidders, and now they'll have to consult with GSP to see which offer is most sensible.

I think there's a lot of panic right now because of the Sparks bid being a total clown show, and people are wondering why they are even still apart of this process. It makes sense that they wouldn't have been notified that they are eliminated from the process until the Melnyks and GSP had the chance to interview them and ask the necessary clarifying questions about their financials. I don't see how this process is considered to be off the rails at all, just the media making it a bigger story than it is.

 

[WORLDSTARHIPHOP]

A new Neko Sparks led business has been uncovered: Aleeci (@aleeciofficial) • Instagram photos and videos

Aleeci was apparently an "international luxury-clothing brand" that Neko brought to market, but later morphed into "NFT art".

Looks legit!

This one is my favorite:

You can own it. Bidding starts at $100M and Neko will throw in 10% of the Ottawa Senators.

Wow they made one for the bid too!

 

[Speatleysson]

Also, was this really hard to see coming after GSP let people make final bids, but still tweak them after the deadline and, in some cases, not even have the proper funding? I get they want a bidding war but it's been 2 weeks since the final deadline, if someone doesn't have the funding for it by this point get them out.

What are we doing here?

This is not the case at all though, no bids have been tweaked or changed since the deadline otherwise lawsuits would be flying left, right, and center right now. The bids are final.. there is no bidding war after the deadline. What happened is that Neko submitted a massive bid without having the financials in order, so now he's trying to bring on more and more investors (exactly what the league doesn't want lmao).

 

[Gil Gunderson]

This is not the case at all though, no bids have been tweaked or changed since the deadline otherwise lawsuits would be flying left, right, and center right now. The bids are final.. there is no bidding war after the deadline. What happened is that Neko submitted a massive bid without having the financials in order, so now he's trying to bring on more and more investors (exactly what the league doesn't want lmao).

So tell him he's out then. How long are they going to give him to get those financials in order?

Most bidders in the process were already frustrated with how long this was taking before the May 15th deadline, imagine what it's like now with the bank trying to create a bidding war with a guy everyone knows doesn't even have the money. This mess should have been pretty easy to see coming if you're involved with the sale.

 

[BondraTime]

Riding Niros to the moon

 

[DaveMatthew]

This is not the case at all though, no bids have been tweaked or changed since the deadline otherwise lawsuits would be flying left, right, and center right now. The bids are final.. there is no bidding war after the deadline. What happened is that Neko submitted a massive bid without having the financials in order, so now he's trying to bring on more and more investors (exactly what the league doesn't want lmao).

Huh? That's simply not true.

Every reporter has indicated that bids are and have been fluid - Garrioch, Mendes, Friedman, Seravalli, etc.

Friedman, just today, said that a group last week (not the Sparks group) changed the structure of their bid. Garrioch and Mendes have mentioned multiple times that Andlauer, Kimel and the NHL have talked about them changing their bid to be a partnership, and that GSP is actively working to try and get bids higher. Sparks is still, reportedly, seeking additional investors in an effort to bid a higher amount.

Friedman saying that "it could get ugly" also indicates that the losing bids may not stay quiet. So you may very well see lawsuits.

A bidder hasn't been chosen yet. When there is, that's when losing bids may consider legal action if they feel the process was unfair.

 

[Speatleysson]

So tell him he's out then. How long are they going to give him to get those financials in order?

Most bidders in the process were already frustrated with how long this was taking before the May 15th deadline, imagine what it's like now with the bank trying to create a bidding war with a guy everyone knows doesn't even have the money. This mess should have been pretty easy to see coming if you're involved with the sale.

Right.. but nobody has officially been told they are out yet because the process hasn't reached that stage yet. They needed to do their interviews with the candidates first; that has just happened, so hopefully they start eliminating in the next couple weeks.

 

[Gil Gunderson]

Right.. but nobody has officially been told they are out yet because the process hasn't reached that stage yet. They needed to do their interviews with the candidates first; that has just happened, so hopefully they start eliminating in the next couple weeks.

Yeah it'll need to happen a lot sooner than that if they actually want to new ownership to start the season. The next BOG meeting is not far away.

Sales generally do not take this long.

 

[SensHulk]

Would it not be possible for the Remington group to hang in there if they were confident with their bid?

Things happen for a reason as they say, so they must have had a reason for pulling out. Could it have been the importance (motivation) of the real estate component that triggered their pulling out?

Not saying the process hasn't dragged on. Just focusing on what happened with Remington bid which could be independent of anything to do with the bidding process.

I think so too and wasn’t giving them the benefit of the doubt but with how the process is seemingly going, it sounds like all parties are getting frustrated anyways…

 

[Speatleysson]

Huh? That's simply not true.

Every reporter has indicated that bids are and have been fluid - Garrioch, Mendes, Friedman, Seravalli, etc.

Friedman, just today, said that a group last week (not the Sparks group) changed the structure of their bid. Garrioch and Mendes have mentioned multiple times that Andlauer, Kimel and the NHL have talked about them changing their bid to be a partnership, and that GSP is actively working to try and get bids higher. Sparks is still, reportedly, seeking additional investors in an effort to bid a higher amount.

Friedman saying that "it could get ugly" also indicates that the losing bids may not stay quiet. So you may very well see lawsuits.

A bidder hasn't been chosen yet. When there is, that's when losing bids may consider legal action if they feel the process was unfair.

If any of the above is happening, there will be lawsuits. I'd be blown away if GSP allowed any of that stuff to truly happen. I'd imagine that those reporters listed above are getting limited information from the same source.. hard to say if it is actually reliable at this point. Perhaps groups can choose to merge, but their bid is their final bid.

Put it this way, if I'm Andlauer, and Neko Sparks is notified of how much my bid was, and is allowed to resubmit to beat my bid, I'm suing Neko, GSP, the Melnyks, the banks, and maybe even the league. This is not how these business deals normally go down.

 

[IpsoPostFacto]

Friedman should be careful about how he words this; I highly doubt the NHL nor GSP have lost control of this process. If anything, it sounds like the sale is going along according to plan. The Melnyk ladies just finished meeting with the bidders, and now they'll have to consult with GSP to see which offer is most sensible.

I think there's a lot of panic right now because of the Sparks bid being a total clown show, and people are wondering why they are even still apart of this process. It makes sense that they wouldn't have been notified that they are eliminated from the process until the Melnyks and GSP had the chance to interview them and ask the necessary clarifying questions about their financials. I don't see how this process is considered to be off the rails at all, just the media making it a bigger story than it is.

I don't think Friedman has a rep for just throwing out these kind of comments without doing some checking of his sources.

If nothing else, I'll bet the NHL lost control of the Sparks group giving their final bid and then very very publicly let it be known they are still looking for cash. That is not a good look for anyone involved.

Honestly, the whole thing has been crazy. Many people gave up long ago on just "trust the bank, nhl, and family to do the right thing. they are smart and" and now the trickle is starting to come out of media reports.

The NHL can't help but to trip on its own...

 

[BondraTime]

If any of the above is happening, there will be lawsuits. I'd be blown away if GSP allowed any of that stuff to truly happen. I'd imagine that those reporters listed above are getting limited information from the same source.. hard to say if it is actually reliable at this point. Perhaps groups can choose to merge, but their bid is their final bid.

Put it this way, if I'm Andlauer, and Neko Sparks is notified of how much my bid was, and is allowed to resubmit to beat my bid, I'm suing Neko, GSP, the Melnyks, the banks, and maybe even the league. This is not how these business deals normally go down.

All of the above has been reported by a dozen guys over the past 2 weeks

Garrioch a few days ago

"Bruce Garrioch says Andlauer and the Kimels may merge their bids to beat the top bidder- assumed to be Steve Apostolopoulos."

 

[Gil Gunderson]

If any of the above is happening, there will be lawsuits. I'd be blown away if GSP allowed any of that stuff to truly happen. I'd imagine that those reporters listed above are getting limited information from the same source.. hard to say if it is actually reliable at this point. Perhaps groups can choose to merge, but their bid is their final bid.

Put it this way, if I'm Andlauer, and Neko Sparks is notified of how much my bid was, and is allowed to resubmit to beat my bid, I'm suing Neko, GSP, the Melnyks, the banks, and maybe even the league. This is not how these business deals normally go down.

Every report from Bruce and Ian basically said this was common and GSP will try to get a bidding war going after the final bid deadline.

Which of course just seems like a recipe for disaster, especially when the bank is trying to use inflated/fake bids to drive up the price.

 

[IpsoPostFacto]

If any of the above is happening, there will be lawsuits. I'd be blown away if GSP allowed any of that stuff to truly happen. I'd imagine that those reporters listed above are getting limited information from the same source.. hard to say if it is actually reliable at this point. Perhaps groups can choose to merge, but their bid is their final bid.

Put it this way, if I'm Andlauer, and Neko Sparks is notified of how much my bid was, and is allowed to resubmit to beat my bid, I'm suing Neko, GSP, the Melnyks, the banks, and maybe even the league. This is not how these business deals normally go down.

If two groups merge, then obviously neither had a bid that was the final bid. The debt might change, the $ might change, the % ownership changes.

This is exactly what has been reported. The bank will strong arm people to get the most they can.

They are probably not saying in so many words - 'these guys bid x', but I imagine it's more like "we need a little more from you. too much debt, can you tweak it? If you need to, join with another bidder"

 

[Senator Stanley]

If any of the above is happening, there will be lawsuits. I'd be blown away if GSP allowed any of that stuff to truly happen. I'd imagine that those reporters listed above are getting limited information from the same source.. hard to say if it is actually reliable at this point. Perhaps groups can choose to merge, but their bid is their final bid.

Put it this way, if I'm Andlauer, and Neko Sparks is notified of how much my bid was, and is allowed to resubmit to beat my bid, I'm suing Neko, GSP, the Melnyks, the banks, and maybe even the league. This is not how these business deals normally go down.

From everything that's been reported, the bids are fluid in that the bidders can still improve their offers. The May 15th deadline was for "final" binding bids, which established something of a floor for each of the bidders. If the seller selected any of those offers, the bidder either had to proceed or lose its deposit.

The seller/bank would have set the rules of the game, and anyone who wanted to bid would have had to agree to those rules.

 

[Masked]

I would love to have Dubas on board.I think the additions he made to support the core were mostly great. I think his drafting is good.

Why? Of the players he's drafted, the most established are Sandin and Durzi. Both of whom he traded away.

Assen na yo!

 

[Gil Gunderson]

Why? Of the players he's drafted, the most established are Sandin and Durzi. Both of whom he traded away.

Assen na yo!

I'd probably trade our entire 2021 and 2022 draft classes (which includes a 10th overall pick) for Matthew Knies.

 

[jhutter]

Friedman should be careful about how he words this; I highly doubt the NHL nor GSP have lost control of this process. If anything, it sounds like the sale is going along according to plan. The Melnyk ladies just finished meeting with the bidders, and now they'll have to consult with GSP to see which offer is most sensible.

I think there's a lot of panic right now because of the Sparks bid being a total clown show, and people are wondering why they are even still apart of this process. It makes sense that they wouldn't have been notified that they are eliminated from the process until the Melnyks and GSP had the chance to interview them and ask the necessary clarifying questions about their financials. I don't see how this process is considered to be off the rails at all, just the media making it a bigger story than it is.

The fact that the "clown show" bid is still being entertained by the NHL, GSP and the Melnyk estate contradicts your claim that the aforementioned have control, and that the sale is going according to plan.

 

[IpsoPostFacto]

 

[Sun God Nika]

Honestly I am never going to use GSP if I want to sell a team.

We should all google review bomb them with 1 stars

 

[Golden_Jet]

Lmao
Guy asks to join bid , then asks why are asking me to join bid. What a loser. Thanks for sharing.

 

[Sun God Nika]

Lmao
Guy asks to join bid , then asks why are asking me to join bid. What a loser. Thanks for sharing.

Ya guy is a goof , so is the guy looking for investors on Instagram. Not gonna lie kind of tempted to see if I can get in with 80k but that’s also my life’s savings so I’ll stay away but a cool opportunity to realize a dream for owning the sens non the less

 

[IpsoPostFacto]

Lmao
Guy asks to join bid , then asks why are asking me to join bid. What a loser. Thanks for sharing.

correct.

Rando sends message to supposed future NHL owner saying they have some "dough" lying around and Neko responds with an NDA.

Come on. you can't be serious in defending Neko even taking 1 second to read the first message.

 

[Golden_Jet]

correct.

Rando sends message to supposed future NHL owner saying they have some "dough" lying around and Neko responds with an NDA.

Come on. you can't be serious in defending Neko even taking 1 second to read the first message.

Not defending Neko, laughing at the loser,
Thanks again for sharing.

 

[Hale The Villain]

Of course Eugene had to give the fanbase one last kick in the nuts by hiring these GSP clowns, who are making a mockery of the process to try to squeeze every last dollar they can out of the team.