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

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My genuine fear is this team will be relocated. Some eccentric billionaire with deep pockets like Tillman Fertitta over bidding everyone else.
NHL doesn't work like that - ask Jim Balsillie. This is an old boy's club, and to join you have to play by their rules and kiss the ring. Bettman doesn't like franchises moving because instability is bad for business. And, to the point already made, moving the Sens takes away potential expansion cities. Expansion money is sweet, sweet sugar for the owners. This team moving was a legit concern at the end of the Rod Bryden era - it is not a concern right now.
 
100% - look at the timing of her return. She officially returned on February 1, and Melnyk died eight weeks later. It's pretty obvious that he brought her back when he knew that he was terminally ill. You watch - she will have a nice bonus built into her contract that pays out upon the sale of the team and/or her departure from the organization, and good for her. She dealt with Eugene for years, and deserves every nickel she'll get.

It is called a change of control bonus and virtually guaranteed she has one and understood that she was brought in for this purpose.
 
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My genuine fear is this team will be relocated. Some eccentric billionaire with deep pockets like Tillman Fertitta over bidding everyone else.

Elon Musk arrives in Ottawa with a sink full of hot water and says “let hot hot water sink in” and then his Tesla battery dies waiting to get out of the CTC parking lot after he’s been to a game.
 
Haven't we all assumed its for sale and that process has been happening behind the scenes this whole time? I certainly expect it to be sold in the next year or so.
I think Bettman, the Senators organization and whomever else is involved is doing a good job of keeping it under wraps. No news seems to be leaking out. Folks (myself included) are dying of curiosity, but it seems like we won't know anything until its pretty much a done deal. I have no idea on a timeline either and under the circumstances, I think it would be just a guess like pretty much everything else.
 
Exactly. Word has been out that they hired M&A bankers a while ago. This is just getting reported now, which is fine, but it is hardly just getting started.

And Bruce is just the usual glass tube of information from the organization - which is formally no comment, but informally yes but for more money than is being reported.
This is correct.
 
They still have about a year to work out the lease agreement with NCC.
Yes, that seemed to be about the only milestone that was mentioned anywhere. I think there's going to have to be some kind of agreement internally first amongst all the different parties involved in the consortium.
 
I think Bettman, the Senators organization and whomever else is involved is doing a good job of keeping it under wraps. No news seems to be leaking out. Folks (myself included) are dying of curiosity, but it seems like we won't know anything until its pretty much a done deal. I have no idea on a timeline either and under the circumstances, I think it would be just a guess like pretty much everything else.
Ya this has all likely been in the works for a long time, before Melnyk passed away, or at least the option to do so was likely explored.

I always figured the chance of the kids carrying on as majority owners was unlikely. No shame in them taking their close to a billion dollars and bouncing.
 
Ya this has all likely been in the works for a long time, before Melnyk passed away, or at least the option to do so was likely explored.

I always figured the chance of the kids carrying on as majority owners was unlikely. No shame in them taking their close to a billion dollars and bouncing.
I would imagine things like this take a fair bit of time.

Would be nice to have some owners with deep pockets. We can hope.
 
I would imagine things like this take a fair bit of time.

Would be nice to have some owners with deep pockets. We can hope.
I'm sure it does. Especially with moving parts like an arena deal and a team coming back to life.

I know that's what I hope for, but it's been refreshing to see the current owners making an investment in the interim.
 
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Never confirmed, first I’ve ever seen from a creditable source saying it’s for sale

Anything and everything is for sale for the right price.

Team has been for sale almost forever it seems
 
My genuine fear is this team will be relocated. Some eccentric billionaire with deep pockets like Tillman Fertitta over bidding everyone else.
They would likely sacrifice Arizona for this billionaire that doesn't exist.

team ain't moving from Ottawa. There is local interest in the team from multiple groups. They get first crack at it.
 
It's hard to reconcile sometimes how we've had years of lagging ticket sales, a wild drop in season ticket holders, spending allegedly linked to revenues and so spending decreasing, hot water turned off and execs forced to be their own janitors in cost cutting exercises .. and yet .. the franchise value is increasing at a better rate than the average investors, and its figured the Melnyks may want to keep a piece of the presumably lucrative action as minority partners if the team is sold. Im getting whiplash typing that.

Hard to imagine a close to a billion dollar arena being built without more major taxpayer investment and a solid lite rail system. Difficult to imagine that in the short term future?
 
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They have a very small piece of LeBreton and an arena isn't a moneymaker. Unless a new ownership believes they can leverage the franchise into a bigger stake at LeBreton, they're buying in for the franchise itself.

Assen na yo!
It's a real estate deal through and through.
 
Whenever the franchise is sold, for whatever price, and the new owner(s) also have the relocation/arena costs in a few years, to Lebreton Flats….. don’t expect the new owner(s) to also start shovelling tons of cash into the day to day operations of the team/player acquisition…..
 
The NHL is looking at growing to 34 teams in the near future. They will not be passing up a potential $1B+ expansion fee to move the Ottawa Senators into a market like Houston.

That kinda sucks. 32 is the perfect size for a professional league. Perfect for playoffs, with 16, 8, 4 and 2. Perfect for conference and divisions.

Why mess up a good thing?
 
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That kinda sucks. 32 is the perfect size for a professional league. Perfect for playoffs, with 16, 8, 4 and 2. Perfect for conference and divisions.

Why mess up a good thing?

Just want to see a visiting team
Hoist the Stanley Cup in the visitors dressing room in Arizona.

Why does the NHL always have 1 zombie franchise to drag down the entire league. It’s like there is always 1 more team then the league needs or can handle
 
Just want to see a visiting team
Hoist the Stanley Cup in the visitors dressing room in Arizona.

Why does the NHL always have 1 zombie franchise to drag down the entire league. It’s like there is always 1 more team then the league needs or can handle
NFL - Jacksonville
MLB - Oakland
NBA - Sacramento

Every league has at least one Arizona
 
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