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

[AchtzehnBaby]

Hmmm…. Plot twist

Reynolds, Remington Group not favourites for Senators, but shouldn't be underestimated

When it comes to the group Ryan Reynolds is planning to partner with for a potential bid to purchase the Ottawa Senators, there is some familiarity with the NHL. However, that doesn't necessarily mean they are the favourites to take over the team.

www.sportsnet.ca

 

[Senscore]

Hmmm…. Plot twist

Reynolds, Remington Group not favourites for Senators, but shouldn't be underestimated

When it comes to the group Ryan Reynolds is planning to partner with for a potential bid to purchase the Ottawa Senators, there is some familiarity with the NHL. However, that doesn't necessarily mean they are the favourites to take over the team.

www.sportsnet.ca

Gonna be real awkward selling the fans on things if he isn't part of the winning bid.

Because basically they're all gonna build a new arena but only one will do it with Deadpool.

 

[Big Muddy]

Bettman wants Reynolds, and Bettman decides who gets to buy the team.

Reynolds is absolutely a top priority for billionaires wanting to buy the team. If they can’t have him, they need to find something else that competes.

Bettman wants that production value more than just another owner with deep pockets. Reynolds’ history with Wrexham is exactly what Bettman would like to see happen with the Sens, and the league in general.

Raise the profile, raise the fan engagement, make new fans, raise league wide revenues. That’s the perceived added power of Reynolds.

I see no difference between Toronto based vs LA or NY based in terms of it being a negative. This way the owners are Canadian which is great. They can’t move the team to Toronto, so this is as close to being a home team that they can get.

Galatioto Sports Group is helping the Melnyk's with the process and the sale of the team. Melnyk's will decide who they like and the Board of Governors must approve the sale. Hence, saying Bettman decides is not particularly accurate.

 

[Big Muddy]

Why not lol ridiculous take. He is literally doing it right now with Wrexam.

I have some concerns about this buying group. Net worth is only 1.39 billion. Thats simply not enough to buy and build a rink. Will need some partners with deep pockets. Maybe thats where Reynolds comes in and he brings in more backing. The rest sounds great though, they are a development company thats what you want building not only an arena but an entertainment district.

Bratty is worth 1.39, but the article states the group has several partners, so if those partners collectively are worth another ~700 that's pretty good.

Andlaur was previously mentioned as the frontrunner, I'm not sure how accurate it is but Google suggests he's worth 1.2 b, so same ballpark, no? He partnering with Rocco Tullio apparently, no clue what he's worth but it's enough to have allegedly made an offer before Melnyk passed away.

Yes, the same question crossed my mind, is Remington wealthy enough? I was thinking that "deep pockets" would be north of $2 billion. Of course, if there are partners, we don't know much about that and what (wealth) they bring to the table. Just hoping for a true deep pocketed owner and that there won't be any repeat of the previous situation with a "quasi-rich" owner.

 

[Do Make Say Think]

Hmmm…. Plot twist

Reynolds, Remington Group not favourites for Senators, but shouldn't be underestimated

When it comes to the group Ryan Reynolds is planning to partner with for a potential bid to purchase the Ottawa Senators, there is some familiarity with the NHL. However, that doesn't necessarily mean they are the favourites to take over the team.

www.sportsnet.ca

Would be interesting if the perceived front runners chose to not deal with RR considering how much the League hopes he gets in.

Assuming RR knows who the front runners are.

 

[Ice-Tray]

Galatioto Sports Group is helping the Melnyk's with the process and the sale of the team. Melnyk's will decide who they like and the Board of Governors must approve the sale. Hence, saying Bettman decides is not particularly accurate.

The Melnyks don’t get to decide who buys the team, and the board will defer to Bettman’s opinion on what’s best for the league. We’ve seen all of this before.

You’re fooling yourself if you think it will be otherwise.

 

[Big Muddy]

The Melnyks don’t get to decide who buys the team, and the board will defer to Bettman’s opinion on what’s best for the league. We’ve seen all of this before.

You’re fooling yourself if you think it will be otherwise.

I have described the process in my post. Look at the process of the recent sale of the Pittsburgh Penguins to the Fenway Group for example.

NHL Board of Governors

See also: List of NHL franchise owners The Board of Governors is the ruling and governing body of the National Hockey League. In this context, each team is a member of the league, and each member appoints a Governor (usually the owner of the club), and two alternates to the Board. The current...

icehockey.fandom.com

The responsibilities of the Board of Governors includes the hiring and firing of the commissioner (Bettman) and the review and approval of the purchase, sale, or relocation of any member club.

 

[thinkwild]

Hopefully for RR he is better at picking contenders amongst ownership bidders than most UFA's seem to be. Sounds like there is a lot of salivating over the business opportunity here too.

 

[Crosside]

I have no problem with a owner just worth 1 b. What causes damage to Melnyk was his multi refinancing at high rate

 

[Micklebot]

The Melnyks don’t get to decide who buys the team, and the board will defer to Bettman’s opinion on what’s best for the league. We’ve seen all of this before.

You’re fooling yourself if you think it will be otherwise.

They are actually kind of the only ones who can decide who buys the team seeing as at the end of the day only they can accept an offer.

Based on the leagues constitution the board can veto, like they have with Balssille in the past, and that decision would likely come off a recommendation from Bettman, however it's in the best interest of the board to not unreasonably deny a potential sale, since next time it may be them being unreasonably denied. And that's before getting into potential litigation, the last thing the league wants is to test their veto powers in the courts, so if you're going to block a sale you want to make sure the fight is worth the risk.

 

[Crosside]

Dreger said it’s Remington group or bust for Ryan

 

[Oscar The Grouch]

Ryan Reynolds is the kingmaker. Remington Group knows this and likely have given him some nice equity/goodies in their partnership.

The NHL Board of Governors will do as Bettman says, as they have done for the last 30 years. Bettman will sell them on the influencer/media value of Reynolds, which will look especially valuable in the face of Bally Sports busting.

 

[Do Make Say Think]

Ryan Reynolds is the kingmaker. Remington Group knows this and likely have given him some nice equity/goodies in their partnership.

The NHL Board of Governors will do as Bettman says, as they have done for the last 30 years. Bettman will sell them on the influencer/media value of Reynolds, which will look especially valuable in the face of Bally Sports busting.

The Melnyk sisters/ownership group are the kingmakers here.

They get to decide which offer they want to present to the BoG and Bettman.

 

[Burrowsaurus]

I’ve had enough of Parker Kelly personally.

 

[Burrowsaurus]

Zaitsev is just the worst.

 

[Ice-Tray]

I have described the process in my post. Look at the process of the recent sale of the Pittsburgh Penguins to the Fenway Group for example.

NHL Board of Governors

See also: List of NHL franchise owners The Board of Governors is the ruling and governing body of the National Hockey League. In this context, each team is a member of the league, and each member appoints a Governor (usually the owner of the club), and two alternates to the Board. The current...

icehockey.fandom.com

The responsibilities of the Board of Governors includes the hiring and firing of the commissioner (Bettman) and the review and approval of the purchase, sale, or relocation of any member club.

Yes, I have read that, and everyone knows that.

The reality is more the other way around though. Bettman wields a tremendous amount of power with the board because his job has been to grow the league and make a ton of money, and he has done a fantastic job at it by them.

If he decides that RR ownership is the way to keep that ball rolling, that’s what will happen.

I’m totally ok with you continuing to quote the rule book at me though

 

[Burrowsaurus]

That is such a weak call on brannstrom. He’s just f***ing skating

 

[Ice-Tray]

The Melnyk sisters/ownership group are the kingmakers here.

They get to decide which offer they want to present to the BoG and Bettman.

Yeah, not really.

They are actually kind of the only ones who can decide who buys the team seeing as at the end of the day only they can accept an offer.

Based on the leagues constitution the board can veto, like they have with Balssille in the past, and that decision would likely come off a recommendation from Bettman, however it's in the best interest of the board to not unreasonably deny a potential sale, since next time it may be them being unreasonably denied. And that's before getting into potential litigation, the last thing the league wants is to test their veto powers in the courts, so if you're going to block a sale you want to make sure the fight is worth the risk.

Not really though.

They will get their cash, Bettman will get who he thinks is best for the league.

 

[Micklebot]

Not really though.

They will get their cash, Bettman will get who he thinks is best for the league.

Oh, ok you convinced me....

 

[Ice-Tray]

Oh, ok you convinced me....

Glad you came around, good chats!

 

[HSF]

wrong thread

 

[Oscar The Grouch]

The Melnyk sisters/ownership group are the kingmakers here.

They get to decide which offer they want to present to the BoG and Bettman.

Bettman will make it clear which offer the BoG will approve. The Melnyk sisters aren't going to bring forward an offer they aren't 100% sure will get rubber-stamped by the BoG.

Bettman will convince Remington to pad their offer if needed.

 

[Oscar The Grouch]

Hmmm…. Plot twist

Reynolds, Remington Group not favourites for Senators, but shouldn't be underestimated

When it comes to the group Ryan Reynolds is planning to partner with for a potential bid to purchase the Ottawa Senators, there is some familiarity with the NHL. However, that doesn't necessarily mean they are the favourites to take over the team.

www.sportsnet.ca

This article is dumb if it's basing "favourite" irrespective of recent news that RR had attached himself to an offer. It's essentially saying RR has no value to an offer lol.

 

[Nac Mac Feegle]

I wonder if Reynolds likes this partnership because they are letting him control the team. I wouldn’t be surprised if the big fish in this deal is the extended development opportunities with the arena and surrounding land that they would have access to.

The team buys them some pretty exclusive land opportunities with the surrounding packages too does it not?

Besides, it makes sense to leave the entertainment side of the partnership to the entertainment professional, while the developers take on the massive development side of the deal.

That's one of the things (along with Reynolds) that worries me.

What happens 5-10 years down the line when the area is developed, there is nothing more to build, and the team's "Deadpool surge" has faded? Will all these new owners still be committed to building a strong organization once all the hype and fanfare (and fickle trends of the day) are over?

All I want is a rich group who wants to be here for the long haul. Who will invest in a high quality building and surrounding area, who will put money into the team consistently both in Ottawa and Belleville to have a strong NHL team and developmental team going forward.

That doesn't necessarily mean winning Cups or making the playoffs or hitting the cap every year, either. It means having a full front office and scouting staff, making sure the players have all the tools they need to develop in Belleville, having a good in-game experience for fans (hot water in the bathrooms, solid vendors for snacks, high quality ice for a fun & fast game, etc). Running a quality organization.

 

[HSF]

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