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

[YouGotAStuGoing]

It’s Football…. The game is played 99% with your feet.

American/Canadian “football” is played 99% with your hands.

The term "soccer" is a slang term initially adopted by Britain, as a derivative of the term "association football." Both are accurate and only extreme pedants try to police this.

 

[coladin]

Interesting comment about 2 people you have no clue about. To most owners pro sports is a great toy to play with; a diversion from their regular line of business. To others it's an ego investment to garner attention and recognition that they normally would never receive. Precious few buy a team to make it a life long money making venture.

Yeah , it is an interesting comment. Of course, you know them?

We do not know what their motivation is in buying the team. I think that is important.

When Deadpool 3 comes out in 2024 ( with Hugh Jackman as Wolverine) it will be the biggest movie of the year and cement RR status as a megastar. Imagine him and HJ in the owner's box at a Sens game. World wide attention.

Losing 8-1. But we have stars...Oh my heart!

 

[coladin]

hate to do the work for you but Nashville’s arena is owned by Davidson county - not the NHL owners. The owners are tenants, not owners who own their areans like in Ottawa. Could look at the Pitt situation for you but once you know how american arenas are built with taxpayer money - I mean, enough said

Point is, regardless of who owns the arena...it is already downtown and in the middle of everything that is hot, exciting and popular. Lebreton is a toxic dump , maybe a generation away from looking anything like Nashville's entertainment sector

 

[YouGotAStuGoing]

Losing 8-1. But we have stars...Oh my heart!

If you're assuming this is going to be the case anyway, why does it matter who's sitting in the press box?

But if we're assuming a new owner would want to take steps to improve the team, what's so bad about a guy whose investments (Aviation Gin, Wrexham FC, 1Password, WealthSimple) generally improve in valuation? I mean, if you want to just generalize Reynolds as "a star," fine, but he's a star who seems to have a pretty good mind for business.

 

[coladin]

Wrexham plays in the 5th tier, of soccer, the lowest tier in England, I don’t think it was the draw you think it is.


You can’t flip a team, owning 5-10% lol.

Ok. But once they do their "Welcome to Ottawa", and the show is ahuge success...he could easily sell his share to the main owner at a lovely profit and f*** off to the next promotion idea

 

[Sens Vader]

Cant wait until Dorion and DJ and fired into the sun

 

[swiftwin]

Cant wait until Dorion and DJ and fired into the sun

Because of orbital mechanics, firing things into the sun is actually extremely extremely difficult. Way harder than firing things out of the solar system.

 

[Tuna99]

Point is, regardless of who owns the arena...it is already downtown and in the middle of everything that is hot, exciting and popular. Lebreton is a toxic dump , maybe a generation away from looking anything like Nashville's entertainment sector

I mean not that I’m into buying NHL clubs, but if you own your arena I’m sure you’d get more money on a sale then if you didnt own the arena and it was owned by the government. Not an expert but I think thats how it works.

 

[DueDiligence]

Ok. But once they do their "Welcome to Ottawa", and the show is ahuge success...he could easily sell his share to the main owner at a lovely profit and f*** off to the next promotion idea

That is just a silly notion. You really think a famous Hollywood actor, a Canadian who lived in Ottawa for a while and who is worth tens of millions of dollars would buy a stake in a pro hockey team as a short term investment??? Come on man!

 

[coladin]

I mean not that I’m into buying NHL clubs, but if you own your arena I’m sure you’d get more money on a sale then if you didnt own the arena and it was owned by the government. Not an expert but I think thats how it works.

I guess. But the new owner also doesn’t have to shell out a billion buying a place with a nice arena downtown too

That is just a silly notion. You really think a famous Hollywood actor, a Canadian who lived in Ottawa for a while and who is worth tens of millions of dollars would buy a stake in a pro hockey team as a short term investment??? Come on man!

Not saying he will or won’t, just what the possibilities are. And I believe he is an American citizen too now. This team has had a lot of cash calls. Basically every year. What will be that minnow’s appetite and putting in his chunk?

 

[BonHoonLayneCornell]

Ok. But once they do their "Welcome to Ottawa", and the show is ahuge success...he could easily sell his share to the main owner at a lovely profit and f*** off to the next promotion idea

I don't think that would even be bad. Not ideal, but the Senators still benefit in that scenario.

 

[Tuna99]

I guess. But the new owner also doesn’t have to shell out a billion buying a place with a nice arena downtown too


Not saying he will or won’t, just what the possibilities are. And I believe he is an American citizen too now. This team has had a lot of cash calls. Basically every year. What will be that minnow’s appetite and putting in his chunk?

Jay Z did a short term investment into the Nets. Reynolds might be looking to produce a 2-3 year TV show for the Sens, create buzz around the team, sell some gin or whatever he gets money for and then cash out in 2-3 years. He might want to own an NHL team for hockey reasons, more likely he sees it as a cash cow for his hard liquor, his sports TV shows and for his brand.

Don't think he's doing this for attention or fandom - he's a businessman and this is a business proposal

 

[Cosmix]

Why “deep pockets”?

To provide sufficient capital to the team to enable it to spend to the salary cap each year.

I guess you're just doing the mess around!

 

[GCK]

I guess. But the new owner also doesn’t have to shell out a billion buying a place with a nice arena downtown too


Not saying he will or won’t, just what the possibilities are. And I believe he is an American citizen too now. This team has had a lot of cash calls. Basically every year. What will be that minnow’s appetite and putting in his chunk?

Guys like Reynold’s or Lebrun with FSG or Magic are usually exempted from cash calls from what I understand.

 

[Loach]

So all the parties sign a NDA to see the books. The books show everything. All the debt, operating expences, staff payroll..the whole cake! The heavies will move forward, the others will withdraw. The Heavies will all have plans on how to move forward with the Newest Bestest Arena On Earth, development of land at The Flats and out in Kanata and....the running of our Deserve to Win More Senators. Having seen the books they know how many staff are working in what departments and the budgets. For fun..where do they start with the Senators? Do they have a list of CEOs, POHOs that they will interview? GMs, sales executives? For pure fun I think the HFSens crew could put together a pretty good list of people. Is the CEO from construction, the POHO an NHL veteran, the GM a person from the player agents ranks, do they get minds from other sports? What does everybody think?

 

[Golden_Jet]

So all the parties sign a NDA to see the books. The books show everything. All the debt, operating expences, staff payroll..the whole cake! The heavies will move forward, the others will withdraw. The Heavies will all have plans on how to move forward with the Newest Bestest Arena On Earth, development of land at The Flats and out in Kanata and....the running of our Deserve to Win More Senators. Having seen the books they know how many staff are working in what departments and the budgets. For fun..where do they start with the Senators? Do they have a list of CEOs, POHOs that they will interview? GMs, sales executives? For pure fun I think the HFSens crew could put together a pretty good list of people. Is the CEO from construction, the POHO an NHL veteran, the GM a person from the player agents ranks, do they get minds from other sports? What does everybody think?

What’s a POHO

 

[coladin]

I don't think that would even be bad. Not ideal, but the Senators still benefit in that scenario.

And that is fine. I am just stating that this could be the case while many here think Ryan Reynolds is going to grow old owning this team.

 

[Loach]

What’s a POHO

I thought it meant President of Hockey Opps...

 

[coladin]

Guys like Reynold’s or Lebrun with FSG or Magic are usually exempted from cash calls from what I understand.

If Reynolds has a percentage, he shares in the profits and deficits. I don't know the ins and outs of this scenario, but usually ownership requires this type of commitment

 

[Do Make Say Think]

If Reynolds has a percentage, he shares in the profits and deficits. I don't know the ins and outs of this scenario, but usually ownership requires this type of commitment

He probably doesn't have the kind of money to be reliable for cash calls.

He would just be a face for ownership and one that wouldn't parade around if the team keeps sucking BBC.

 

[Sens of Anarchy]

To provide sufficient capital to the team to enable it to spend to the salary cap each year.


I guess you're just doing the mess around!

I opened the thread and the post read "Wrong Thread". Reminded me of You're going the wrong way.

 

[Golden_Jet]

I opened the thread and the post read "Wrong Thread". Reminded me of You're going the wrong way.

How do they know where we’re going, ...... funny movie.

 

[UglyPuckling]

Guys like Reynold’s or Lebrun with FSG or Magic are usually exempted from cash calls from what I understand.

Could depend on whether they are a joint venture operator or a non-operating partner. And, Lebron or Lebrun?

 

[Sun God Nika]

Whoever buys the sens will own the existing land of the CTC right?

They will have real-estate opportunities to turn the rink and parking lot into something on top of whatever the negotiate with the NCC?

 

[Beech]

Whoever buys the sens will own the existing land of the CTC right?

They will have real-estate opportunities to turn the rink and parking lot into something on top of whatever the negotiate with the NCC?

in a city that is growing at 1.07%. which is the 3rd year in a row of decline. It has sharply declined since 2018. With all evidence suggesting that it will remain stable at 1%. With an economy that is still civil servant dependent. And has a low corporate base (Lowest among all Canadian major cities (hockey cities)). The Land the CTS sits on, is probably not all that desirable.

The Kanata/Stitsville boom, once anticipated is not happening. The sprawling metropolis that Ottawa was once predicted to be, is not. Even the city's own projections are for a 1.1% increase in growth (population and jobs) in the next 28 years. If any massive effort goes into refurbing inner core real-estate, it will mean taking away from suburban expansion.

The long and short; the CTC land has value, but nothing earth shattering.