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

[coladin]

Last guy I want. He isn't very wealthy relative to the other players. Its another Toronto based owner that owns an OHL team... Sound familiar. Seems like a worst case scenario to me.

RR is a way better option. Building the teams brand will bring in corporate, bigger national broadcast Deals. And make the team more attractive to play for. On top of that celebrities have branding. Being a cheap or asshole owner has real consequences for them. A billionair doesn't care as they don't have a brand.

How you say you have business acumen and can't recognize any of these positives doesn't add up.

Well, bert, let's just say that my business acumen has brought me around a lot of wealthy people, and some billiionaires. I have met a few on this list of potential owners. Andlauer would be a perfect match for Reynolds, if you all want your celebrity owner. He is a known quantity in the NHL , and that would provide instant credibility and comfort to the Board of Governors.

Andlauer owns an OHL, but I would also check on his main businesses before coming to any conclusions. I personally don't see one owner here anyways, but it would be my preference. If the Senators were already downtwon, it would be a different story. But they will need a hockey component owner and a real estate component. Melnyk/Ruddy but , wait, two billionaires squabbling? You don't say!

 

[bert]

Well, bert, let's just say that my business acumen has brought me around a lot of wealthy people, and some billiionaires. I have met a few on this list of potential owners. Andlauer would be a perfect match for Reynolds, if you all want your celebrity owner. He is a known quantity in the NHL , and that would provide instant credibility and comfort to the Board of Governors.

Andlauer owns an OHL, but I would also check on his main businesses before coming to any conclusions. I personally don't see one owner here anyways, but it would be my preference. If the Senators were already downtwon, it would be a different story. But they will need a hockey component owner and a real estate component. Melnyk/Ruddy but , wait, two billionaires squabbling? You don't say!

The reason so many people are interested is the real estate portion of the deal. This concept that a billionaire can't develop real estate if it's not the main source of their wealth is a very strange argument, this can be outsourced and wouldn't have to include an ownership stake.

 

[Golden_Jet]

That's fine and all. Swell guy.

I want one owner. I don't want a conglomerate of squabbling owners (as they inevitably will be), with a figurehead getting all the press while the real owners are in the background, probably simmering with the outside noise. Give me deep pockets, and an independent owner.

We had enough of a clown show with our owner that lasted 5 years. I have had my fill.

And Wrexham? Great story, but I could have bought that franchise on my own. The investment is what it is, and yes, his business acumen may work at that smaller than Atletico Ottawa level...

Why didn’t you spend the $2.5 million US then on the football team.?

That's fine and all. Swell guy.

I want one owner. I don't want a conglomerate of squabbling owners (as they inevitably will be), with a figurehead getting all the press while the real owners are in the background, probably simmering with the outside noise. Give me deep pockets, and an independent owner.

We had enough of a clown show with our owner that lasted 5 years. I have had my fill.

And Wrexham? Great story, but I could have bought that franchise on my own. The investment is what it is, and yes, his business acumen may work at that smaller than Atletico Ottawa level...

Lol, Your sick of our single owner the last 5 years, but want a single owner. Great story dude.

 

[DaveMatthew]

Well, bert, let's just say that my business acumen has brought me around a lot of wealthy people, and some billiionaires. I have met a few on this list of potential owners. Andlauer would be a perfect match for Reynolds, if you all want your celebrity owner. He is a known quantity in the NHL , and that would provide instant credibility and comfort to the Board of Governors.

Andlauer owns an OHL, but I would also check on his main businesses before coming to any conclusions. I personally don't see one owner here anyways, but it would be my preference. If the Senators were already downtwon, it would be a different story. But they will need a hockey component owner and a real estate component. Melnyk/Ruddy but , wait, two billionaires squabbling? You don't say!

The ideal group would look like Seattle's:

• The guy with money (David Bonderman, net worth of $6.8B)
• The guy who knows about creating an entertainment product (Jerry Bruckheimer)
• The guy who knows how to run a pro sports franchise (Tod Leiweke)

Andlauer doesn't have enough to be the "guy with money", but maybe he could be a part of a bigger group. Reynolds could play the Bruckheimer role.

Desmarais + Reynolds + Andlauer would be great.

 

[coladin]

The reason so many people are interested is the real estate portion of the deal. This concept that a billionaire can't develop real estate if it's not the main source of their wealth is a very strange argument, this can be outsourced and wouldn't have to include an ownership stake.

Yes, and that is where my acumen lies. Real Estate. Right now, the cranes are barely moving , which means whoever buys this team will have to navigate all the challenges of getting the arena and its surroundings built. Let’s not forget how dirty the ground is, and how long that could take to clean before they start pouring concrete. To be honest not sure how dirty that area of the arena is, but will need significant soil remediation.

As we saw with the other two billionaires, they fell apart for a multitude of reasons, but one of them is the underlying feasibility of the real estate play at Lebreton. It is super expensive to build and to buy. Development charges are prohibitive, hence the cranes are not moving. Ottawa needs affordable housing, and this play won’t help.

 

[coladin]

Why didn’t you spend the $2.5 million US then on the football team.?


Lol, Your sick of our single owner the last 5 years, but want a single owner. Great story dude.

Because I am building a 13 unit building which will make more , and have another 60 to build after. Priorities , you know.

I am sick of a crazy owner. I want someone normal who doesn’t go on radio all the time, say dumb things or things that the hypersensitive fanbase can’t handle, or gets exposed in how he treats people.

 

[Golden_Jet]

Yes, and that is where my acumen lies. Real Estate. Right now, the cranes are barely moving , which means whoever buys this team will have to navigate all the challenges of getting the arena and its surroundings built. Let’s not forget how dirty the ground is, and how long that could take to clean before they start pouring concrete. To be honest not sure how dirty that area of the arena is, but will need significant soil remediation.

As we saw with the other two billionaires, they fell apart for a multitude of reasons, but one of them is the underlying feasibility of the real estate play at Lebreton. It is super expensive to build and to buy. Development charges are prohibitive, hence the cranes are not moving. Ottawa needs affordable housing, and this play won’t help.

Cranes are not moving, because there isn’t a deal in place yet, and have to wait for new owners now. Kinda thought you’d know that tbh.

 

[bert]

Yes, and that is where my acumen lies. Real Estate. Right now, the cranes are barely moving , which means whoever buys this team will have to navigate all the challenges of getting the arena and its surroundings built. Let’s not forget how dirty the ground is, and how long that could take to clean before they start pouring concrete. To be honest not sure how dirty that area of the arena is, but will need significant soil remediation.

As we saw with the other two billionaires, they fell apart for a multitude of reasons, but one of them is the underlying feasibility of the real estate play at Lebreton. It is super expensive to build and to buy. Development charges are prohibitive, hence the cranes are not moving. Ottawa needs affordable housing, and this play won’t help.

No it was because one of them had no liquid money and wanted someone else to pay for it. Its prime land everyone wants a piece of it. Acting like it's a detriment is outrageous. Lumber prices just dropped and builders can't build fast enough. It's still a balanced market from an inventory standpoint dispite the interest rate hikes. Only Calgary had more people immigrate to it than Ottawa in 2022 in Canada.

 

[Big Muddy]

Yes, and that is where my acumen lies. Real Estate. Right now, the cranes are barely moving , which means whoever buys this team will have to navigate all the challenges of getting the arena and its surroundings built. Let’s not forget how dirty the ground is, and how long that could take to clean before they start pouring concrete. To be honest not sure how dirty that area of the arena is, but will need significant soil remediation.

As we saw with the other two billionaires, they fell apart for a multitude of reasons, but one of them is the underlying feasibility of the real estate play at Lebreton. It is super expensive to build and to buy. Development charges are prohibitive, hence the cranes are not moving. Ottawa needs affordable housing, and this play won’t help.

Canada's laws or at least the hoops a builder goes through in the initial stages of a development/construction project are less stringent that those regulations in the U.S. In the U.S., the owner & builder must go through a Preliminary Environmental Impact Statement and then a Final Environmental Impact Statement. Those steps are quite time consuming and precede anything else that is done. Yes, they will need to remove soil that has contaminants and have a soil remediation plan in the initial stage of construction. This is not something new to large scale developers/construction firms though. As a side note, the last DBOM project I was integrally involved in was a $8 billion dollar project with a consortium involved.

 

[coladin]

Cranes are not moving, because there isn’t a deal in place yet, and have to wait for new owners now. Kinda thought you’d know that tbh.

Don't be daft. I am talking about the cranes in the city , not about Lebreton. Claridge even pulled the plug on one of their highrises. If you are going to try and get smart with me, at least do a better job

 

[coladin]

Canada's laws or at least the hoops a builder goes through in the initial stages of a development/construction project are less stringent that those regulations in the U.S. In the U.S., the owner & builder must go through a Preliminary Environmental Impact Statement and then a Final Environmental Impact Statement. Those steps are quite time consuming and precede anything else that is done. Yes, they will need to remove soil that has contaminants and have a soil remediation plan in the initial stage of construction. This is not something new to large scale developers/construction firms though. As a side note, the last DBOM project I was integrally involved in was a $8 billion dollar project with a consortium involved.

I had to do multiphase environmental studies. Light studies. Shadow studies. Noise studies. Traffic studies. Hydro pole relocation studies. Water runoff studies. We have a lot of redtape, and hence to build right now is very expensive. Lebreton is a prime, but in order for a builder to make some money there, it will look uninspiring, cramped, and industrial. Look at the barf coloured buildings Claridge built there. How many premium units can they sell at Lebreton? I really don't know...

 

[coladin]

No it was because one of them had no liquid money and wanted someone else to pay for it. Its prime land everyone wants a piece of it. Acting like it's a detriment is outrageous. Lumber prices just dropped and builders can't build fast enough. It's still a balanced market from an inventory standpoint dispite the interest rate hikes. Only Calgary had more people immigrate to it than Ottawa in 2022 in Canada.

Part of it, yes. The other part was 900 Albert, whcih Trinity was building a stone's throw away from the partner parcel of land. Melnyk lost his shit because he knew that would cut into the Lebreton sales. That was big. Margins are very tight in construction, and they will have to push volume. Lumber has dropped, but trades are still through the roof. And sparse. The rate hikes have cause a lot of construction builds to stop, be cancelled, or postponed. Of course, the arena could get built with deep pockets, but not sure about everything else surrounding it (for profit, of course).

 

[Big Muddy]

I had to do multiphase environmental studies. Light studies. Shadow studies. Noise studies. Traffic studies. Hydro pole relocation studies. Water runoff studies. We have a lot of redtape, and hence to build right now is very expensive. Lebreton is a prime, but in order for a builder to make some money there, it will look uninspiring, cramped, and industrial. Look at the barf coloured buildings Claridge built there. How many premium units can they sell at Lebreton? I really don't know...

What - nothing about frogs, birds, etc. LOL. Just kidding (sort of) but environmental impact in the U.S. gets into all of that, plus everything you mentioned. Last project I did in Canada was multi-billion but not much EIS involved. Then again the project involved mostly existing right-of-way, so that could be why the full monty EIS stuff that was customary in the U.S. was not required.

 

[Golden_Jet]

Don't be daft. I am talking about the cranes in the city , not about Lebreton. Claridge even pulled the plug on one of their highrises. If you are going to try and get smart with me, at least do a better job

Last time I heard that, was in UK.

 

[BonHoonLayneCornell]

Part of it, yes. The other part was 900 Albert, whcih Trinity was building a stone's throw away from the partner parcel of land. Melnyk lost his shit because he knew that would cut into the Lebreton sales. That was big. Margins are very tight in construction, and they will have to push volume. Lumber has dropped, but trades are still through the roof. And sparse. The rate hikes have cause a lot of construction builds to stop, be cancelled, or postponed. Of course, the arena could get built with deep pockets, but not sure about everything else surrounding it (for profit, of course).

From someone who doesn't have the knowledge on the subject, why would there then be 20+ groups ready to battle it out to buy the team if the outlook on building the required arena and surrounding developments is not good?

Obviously noboby is buying it to fail out in Kanata again, and they aren't allowed to move the team.

 

[NyQuil]

From someone who doesn't have the knowledge on the subject, why would there then be 20+ groups ready to battle it out to buy the team if the outlook on building the required arena and surrounding developments is not good?

Obviously noboby is buying it to fail out in Kanata again, and they aren't allowed to move the team.

When you have a scarce resource like an NHL hockey franchise, as an investment the value will only appreciate regardless of how the day-to-day operations of the team unfold.

 

[Ice-Tray]

I had to do multiphase environmental studies. Light studies. Shadow studies. Noise studies. Traffic studies. Hydro pole relocation studies. Water runoff studies. We have a lot of redtape, and hence to build right now is very expensive. Lebreton is a prime, but in order for a builder to make some money there, it will look uninspiring, cramped, and industrial. Look at the barf coloured buildings Claridge built there. How many premium units can they sell at Lebreton? I really don't know...

The only thing I’d say Coli is that there will probably be a huge push from the feds and the city to get this project moving. It’s more than just an arena and a high rise, it’s a city revitalization project on a federal land lease. Lots of folks on the sidelines wanting this to get done.

 

[coladin]

From someone who doesn't have the knowledge on the subject, why would there then be 20+ groups ready to battle it out to buy the team if the outlook on building the required arena and surrounding developments is not good?

Obviously noboby is buying it to fail out in Kanata again, and they aren't allowed to move the team.

We don’t know how this will be structured . They may fast track the arena and get the retail/residential play more structured and longer term. I really don’t know. But it will be insanely expensive . And that means that the type of housing will be mostly affluent builds (one would think). I don’t know what the market will be for that type of housing.

But they are all welcome to fight over it! Land is land, and they aren’t making new land.

 

[bert]

From someone who doesn't have the knowledge on the subject, why would there then be 20+ groups ready to battle it out to buy the team if the outlook on building the required arena and surrounding developments is not good?

Obviously noboby is buying it to fail out in Kanata again, and they aren't allowed to move the team.

None of the numbers support the argument he is presenting.

 

[starling]

wrong thread

 

[Oscar The Grouch]

Part of it, yes. The other part was 900 Albert, whcih Trinity was building a stone's throw away from the partner parcel of land. Melnyk lost his shit because he knew that would cut into the Lebreton sales. That was big. Margins are very tight in construction, and they will have to push volume. Lumber has dropped, but trades are still through the roof. And sparse. The rate hikes have cause a lot of construction builds to stop, be cancelled, or postponed. Of course, the arena could get built with deep pockets, but not sure about everything else surrounding it (for profit, of course).

Margins have always been tight in construction. For workers.

 

[coladin]

Margins have always been tight in construction. For workers.

Never been tighter, which is what many here don't understand. That is why Melnyk got spooked by 900 Albert. Not saying he was right, but that is another story. I think a lot of people are clueless about how much money there is to be made here. It is a massive investment, but not the best times to undertake something like this. Whoever buys the team and the real estate play, will already be looking very long term and understand that they payoff may take a decade...

Workers are making a killing becuase they are a hot commodity like never before. There is a critical shortage of workers in construction, and the bids some builders are accepting just to get workers is unheard of labour prices, which will affect the costs and purchase prices of these places

 

[Big Muddy]

What did Garrioch say during intermission last night about sale (or the NCC component)? I missed a good chunk of what he was saying, but did hear the bit about 20 groups/companies being interested and Reynolds talking to them all. Was there anything else that was said that was of interest or that was substantial?

Just by listening closely to Bruce's words and his body language, I detect he is mixing his info from sources with his own suppositions. He seems to be playing a cheer leading role promoting this thing. Not saying its bad, but I wonder how much info he has from good sources.

 

[BonHoonLayneCornell]

We don’t know how this will be structured . They may fast track the arena and get the retail/residential play more structured and longer term. I really don’t know. But it will be insanely expensive . And that means that the type of housing will be mostly affluent builds (one would think). I don’t know what the market will be for that type of housing.

But they are all welcome to fight over it! Land is land, and they aren’t making new land.

Fair enough. I guess that's for them to figure out and likely wait many years for the investment to be realized sort of like Melnyk selling for a ransom 20+ years later.

From a fan perspective, it seems not worth worrying about with so many interested parties clearly ready to undertake whatever it will take with the new arena commitment being a required inclusion of the sale.

They aren't allowed to move them, and surely, nobody would ever be foolish enough to consider paying anywhere close to the rumored price tag just to keep the team out in Kanata.

 

[BankStreetParade]

A lot of interest being shown doesn't necessarily translate to a high closing price. There's always a whole lot of looky-loos who want the appearance of involvement. It's like certain people who go to restaurants they can't afford so they can see and be seen. It doesn't matter if they're eating the cheapest stuff on the menu, they're at the table and that's the whole point.

The real estate piece will certainly be interesting to the long term investor but I reckon the Canadian national TV deal will be of more immediate consequence as it comes up for renegotiation in 2025-26. The real estate slice of the equation might need to play out over 20-25 years to realize all potential and to complete all the various builds and projects associated. That's not something any investor would be basing a large percentage of the deal off of.

I guess we'll find out soon enough what the team sells for.