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

[PlayItAgain]

" the four groups that submitted final, binding bids at the May 15 deadline have been whittled down some, all remain in the mix for the club"

Do these reporters know how ridiculous they sound? They've all said exactly this ad nauseum. What does "whittled down" mean, then?

There were reports of up to 7 groups that were interested but only 4 made binding bids. Thats what he means whittled down

 

[PlayItAgain]

The only “seismic” news at this point would be a merger.

RR contacting one of the bidders would be pretty seismic lol…ya ya wishful thinking

 

[Flamingo]

There were reports of up to 7 groups that were interested but only 4 made binding bids. Thats what he means whittled down

Then his English sucks because he said the four groups had been whittled down, not the seven groups had been whittled down to four.

 

[Senator Stanley]

There were reports of up to 7 groups that were interested but only 4 made binding bids. Thats what he means whittled down

He's correcting previous reports (or "indications") that the the bids had been whittled down from 4. This is the full quote:

"While there are indications that the four groups that submitted final, binding bids at the May 15 deadline have been whittled down some, all remain in the mix for the club expected to sell for about $1 billion, two sources with knowledge of the process told Front Office Sports.

 

[Flamingo]

He's correcting previous reports (or "indications") that the the bids had been whittled down from 4. This is the full quote:

"While there are indications that the four groups that submitted final, binding bids at the May 15 deadline have been whittled down some, all remain in the mix for the club expected to sell for about $1 billion, two sources with knowledge of the process told Front Office Sports.

To indicate that, I would have said “while there were indications.”

 

[JimmySpaetzle]

As an insider, I can confirm that this deal will be complete by the end of the week. If not, it will be completed early next week. But it’s possible that it bleeds into the end of next week or the week after that or the week after that

 

[Gil Gunderson]

So if they don’t have a decision made and paperwork sorted out by next Wednesday’s BoG meeting, what happens? Can they do a vote on the fly or do we have to wait months until the next meeting to get approval?

 

[Bileur]

The only “seismic” news at this point would be a merger.

The estate of Charlton Heston is joining the Sparks bid

Erdbeben (1974) ⭐ 5.9 | Action, Drama, Thriller

2h 2m | 16

m.imdb.com

 

[Emerica]

So if they don’t have a decision made and paperwork sorted out by next Wednesday’s BoG meeting, what happens? Can they do a vote on the fly or do we have to wait months until the next meeting to get approval?

I hope they can do a special meeting if it doesn’t make the cut for June 7th. You’d think nowadays with zoom meetings it should be easily doable.

 

[Sens of Anarchy]

GSP; What's it stand for

Gong Show Procedures
Gong Show Purchasing
Gyp Snooker Perversions

 

[Cosmix]

So if they don’t have a decision made and paperwork sorted out by next Wednesday’s BoG meeting, what happens? Can they do a vote on the fly or do we have to wait months until the next meeting to get approval?

A special meeting via conference call could be held. Easy peasey!

RR contacting one of the bidders would be pretty seismic lol…ya ya wishful thinking

I think that RR might get involved IF the winning bidder thinks it would be a beneficial thing to do and offers RR a lucrative deal to join in the bid.

 

[Silencio]

GSP; What's it stand for

Gong Show Procedures
Gong Show Purchasing
Gyp Snooker Perversions

Glacial Selling Process

 

[Cosmix]

GSP; What's it stand for

Gong Show Procedures
Gong Show Purchasing
Gyp Snooker Perversions

I found a "couple" of options:

GSP

What does GSP stand for?

acronyms.thefreedictionary.com

 

[Emerica]

Glacial Selling Process

Get Screwed Partners ltd

 

[Golden_Jet]

So if they don’t have a decision made and paperwork sorted out by next Wednesday’s BoG meeting, what happens? Can they do a vote on the fly or do we have to wait months until the next meeting to get approval?

Oh the BOG meeting is early this year. Usually week of the draft.
Paperwork likely won’t be completed for another month, vote will happen before paperwork is close to done.

 

[Sens of Anarchy]

I found a "couple" of options:

GSP

What does GSP stand for?

acronyms.thefreedictionary.com

Cosmix has such potential but he just doesn't apply himself.

 

[Senator Stanley]

Interesting. Mendes on TSN1200 right now says one of his sources who’s “never” wrong gave a tip today that would be “seismic” news. He couldn’t get confirmation on it though so he didn’t say what it is. Makes you wonder

He goes on to say he looked into it and doesn't think it's true.

 

[Speatleysson]

Now Sparks is on Twitter asking for recommendations for online French lessons. Can we please put an end to this already?

God he's desperate.

 

[IpsoPostFacto]

Interesting. Mendes on TSN1200 right now says one of his sources who’s “never” wrong gave a tip today that would be “seismic” news. He couldn’t get confirmation on it though so he didn’t say what it is. Makes you wonder

Ian Mendes joins Sparks bid

 

[Big Muddy]

Never thought this would happen quickly. Billion dollar deal.

Also, some of the most pertinent details are still TBD. How much land is available and where is it?

It seems like the smaller plot available from the NCC only large enough to build an arena is the only certainty other than maybe the current CTC site. Who would the winning bidder be dealing with for the land - NCC or the City? It depends on the site in question and of interest to the bidder.

If bids contained real estate focused partners, that would make it a much harder process. I think that's might have happened with the Remington bid. Reynolds was primarily interested in the team, while his other partners (Remington) were interested in the real estate. GSP, Melnyk's and the NHL don't own the land, yet they are leading or involved in the sale process. They can't make commitments on behalf of the NCC or City for the land.

It doesn't seem surprising that it's taking this long given these circumstances. Anyhow these are just a few thoughts (or speculation if that's the preferred word).

 

[Sens of Anarchy]

Mendes: The amount of stuff flying around in the background is rather remarkable

The Athletic's Ian Mendes joins The Drive to talk about the very latest on the ongoing sale of the Sens, and to share some thoughts on the Stanley Cup Final

www.tsn.ca

Mess, Mess, Mess, Mess,

 

[Tnuoc Alucard]

On the surface, it was a bad trade, but it worked out because SJ became a lottery team. Not often that one of these big trades worked out in our favor.
See: Spezza, Stone, Zibby, Duchene, etc

Your opinion.

The EK65 trade, or pretty much every trade, is a calculated gamble to a certain extent. Ottawa was going full rebuild, and wanted draft picks, and or prospects…. Which they received in the EK65 trade.

It was NOT a bad trade, no matter how anyone tries to spin it, to fit their anti PD narrative.

 

[Flamingo]

Perez re-upping the Apostolopoulos line. But no new info in the linked article.

 

[Gil Gunderson]

Mendes: The amount of stuff flying around in the background is rather remarkable

The Athletic's Ian Mendes joins The Drive to talk about the very latest on the ongoing sale of the Sens, and to share some thoughts on the Stanley Cup Final

www.tsn.ca

Mess, Mess, Mess, Mess,

The theories make sense. Most likely Steve A. is running away with the price and viability to pay but he’s not the NHL’s preferred guy.

Also, there could be disagreements between the Melnyks, his stooges, the bank, and the NHL. There are way too many parties to satisfy in this process.

 

[Sun God Nika]

Anyone else in a routine of getting up, checking this thread to see if there's any news, and then proceeding with their day?

Yep