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

[Nac Mac Feegle]

The firm was hired by the Melnyks, they work for the Melnyks not Bettman, not the league. The idea that Galatioto is going to screw over its client is pretty far fetched.

...for a second I read that as gelatto.


I'm pretty sure there's something in the process where the final 5 bids all have to be somehow "pre-approved" by the NHL before moving forward. Hell, perhaps all of the first wave had to pass a screening process for this thing, for all I know. I'm not saying the NHL decides to wins the bid, but they definitely put forth some standards everyone has to pass before getting too deep into the process. No way they'll let another Spano in the league.

 

[Micklebot]

Melnyks don’t choose, is what I’m saying. That is obvious , for any pro league.

Oh, so you're an expert in how this operates now? The league saying on record that they aren't involved in negotiations unless specifically request isn't accurate I suppose?

What is obvious is the league would rather avoid litigation if it can, and deciding to veto the best offers is a sure fire way to invite litigation, the idea that billionaires are going to allow someone else to make the decision on who they sell their assets to just seems a touch far fetched, the Melnyk's will likely only care in so much as they get their money, so if there are three equivalent offers, I'm sure they'll be more than willing to differ to the leagues preference, but if three teams get past intitial screenings and the league tries to veto a better offer, there will be 31 other owners thinking about what's going to happen when they sell.

 

[Golden_Jet]

Oh, so you're an expert in how this operates now? The league saying on record that they aren't involved in negotiations unless specifically request isn't accurate I suppose?

What is obvious is the league would rather avoid litigation if it can, and deciding to veto the best offers is a sure fire way to invite litigation, the idea that billionaires are going to allow someone else to make the decision on who they sell their assets to just seems a touch far fetched, the Melnyk's will likely only care in so much as they get their money, so if there are three equivalent offers, I'm sure they'll be more than willing to differ to the leagues preference, but if three teams get past intitial screenings and the league tries to veto a better offer, there will be 31 other owners thinking about what's going to happen when they sell.

Thanks reminds me of this famous quote in Sens lore. That was gold.

So you're an expert?

"So you're an expert?" was a quote repeatedly delivered by Senators defenceman Andy Sutton after he delivered a hard hit on Jordan Leopold during Game 2 of the 2010 Eastern Conference Quarterfinal. Sutton faced reporters after the Game 2 loss and was asked if he knew whether his elbow came up...

senslore.fandom.com

 

[coladin]

Not sure why you made the "generational wealth" comment as I said nothing about that in my post. Commercial real estate has typically risen especially over longer time frames, but there have been periods such as 2021 (Covid) and for a period around 1981 (recession) where it has declined.

"Then, like today, inflation was driven by a dramatic spike in oil and gas prices and an unrestrained Treasury flooding the economy with money. In 1980, newly installed Federal Reserve Chairman Paul Volcker responded by strangling the flow of currency to such an extent that in December 1981, mortgage rates hit 20%. Inflation quickly declined, but at a cost of 10.8% unemployment, a decline of 3% in GDP, and not one but two recessions. While inflation is the friend of many landlords, recession is not, and the commercial real estate business began a decade-long decline."

My properties, rents, valuations, all skyrocketed during Covid. Depends on where you are I guess, but real estate generally only goes one way. We just don't know how high.

My point about generational wealth has more to do with the fact that this family has been wealthy for generations. Melnyk was not . I think there is a difference in perception on stability when you look at it that way. It was just an observation. The Greenbergs are generational wealth. The Malhotras are going to be. But Bill Malhotra was the guy, and his sons are taking it to the next level. Same with the Bratty family who have taken it to the next level

 

[SPF6ty9]

My properties, rents, valuations, all skyrocketed during Covid. Depends on where you are I guess, but real estate generally only goes one way. We just don't know how high.

My point about generational wealth has more to do with the fact that this family has been wealthy for generations. Melnyk was not . I think there is a difference in perception on stability when you look at it that way. It was just an observation. The Greenbergs are generational wealth. The Malhotras are going to be. But Bill Malhotra was the guy, and his sons are taking it to the next level. Same with the Bratty family who have taken it to the next level

Just stay out of Japan

Residential Property Prices for Japan

Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q2 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

fred.stlouisfed.org

 

[Golden_Jet]

Just stay out of Japan

Residential Property Prices for Japan

Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q2 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

fred.stlouisfed.org

Yep and Canadian homes dropped 18% last year , after the Covid bump.

 

[thinkwild]

Given the rogues gallery of owners gone by, i dont know if the owners will be hoping for anyone but the highest bidder in order to drive up all franchise prices. But it is a private club so I guess they can always reject anyone they dont want.

 

[UglyPuckling]

There was no sarcasm in my post, I meant exactly what I said.

As for the rest, you simply repeated yourself with more words. Everyone know how the constitution works and what the process is.

What you don’t seem to understand is how much influence the commissioner has on how the league is run, and what ownership groups enter the league. The BOG let’s Gary run the business, and his ‘recommendations’ are all about what’s best for the league and the current owners pocketbooks.

Yes of course the BOG could remove Gary, they can actually remove each other too! But in real life, where we all live for the most part, they don’t, in fact they tend to defer to his judgment on matter of league business over and over and over again because he’s good at his job and he’s made them hundreds of millions over the years on their investments.

What Gary wants for the league, he usually gets.

Thankfully you won’t respond, so I won’t have to be walked through the league constitution yet again…. (There’s some sarcasm for you).

Don't think anyone said Bettman has no involvement or any (zero) influence. Your argument seems to have shifted because in post #1101 you said "...... and Bettman decides who gets to buy the team". It's not hard to understand why you'd get a better explanation from another poster of the actual process involved when a statement like that is made. It can be refreshing to read more factual info in here than just hearing someone's opinion all of the time.

 

[Mingus Dew]

Just stay out of Japan

Residential Property Prices for Japan

Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q2 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

fred.stlouisfed.org

Easily one of the best performing commercial real estate markets in the world. Also one of the last places to get cheap credit.

Get into Japan lol.

 

[Ice-Tray]

Don't think anyone said Bettman has no involvement or any (zero) influence. Your argument seems to have shifted because in post #1101 you said "...... and Bettman decides who gets to buy the team". It's not hard to understand why you'd get a better explanation from another poster of the actual process involved when a statement like that is made. It can be refreshing to read more factual info in here than just hearing someone's opinion all of the time.

Okay fine, I could have been more precise and less dramatic, it was an exaggeration for effect, but the point was pretty clear to most. I wasn’t expecting the naivety, nor the pedantic push back due to ‘the rules’. The same rules that lead some folks to think that the Melnyks are actually choosing the buyer themselves before presenting them to the BOG.

I feel it was obvious that Gary doesn’t actually decide for himself, and was playing on how much influence he has and has had on NHL related business matters with the BOG thy votes on new ownership.

The BOG decides who joins their ranks, not the seller though it’s obviously not that straight forward for those who stare at the constitution and lack nuance. It’s just done in such a way that the seller doesn’t even bother dealing with people who don’t meet the criteria that the BOG want to see to begin with. The BOG gets a ton of input on these matters from Bettman, especially when there is potential for a new league revenue stream on the table.

The seller then chooses from the appropriate group, if single bidder who meets the standard, and the BOG gets to rubber stamp it as opposed to having to discuss things after wards and veto people they don’t like.

Anyways, consider this me walking back my exaggerated statement for the benefit of those who took it literally, who knew?

 

[AchtzehnBaby]

 

[Ice-Tray]

Is there a way to listen to this marvel?

 

[AchtzehnBaby]

Is there a way to listen to this marvel?

On podbean shortly…

 

[Ice-Tray]

On podbean shortly…

Thank you, I appreciate that!

 

[Oscar The Grouch]

My properties, rents, valuations, all skyrocketed during Covid. Depends on where you are I guess, but real estate generally only goes one way. We just don't know how high.

My point about generational wealth has more to do with the fact that this family has been wealthy for generations. Melnyk was not . I think there is a difference in perception on stability when you look at it that way. It was just an observation. The Greenbergs are generational wealth. The Malhotras are going to be. But Bill Malhotra was the guy, and his sons are taking it to the next level. Same with the Bratty family who have taken it to the next level

"Generational wealth" sounds super gross tbh. It's sounds like "pedigree".

I'm in a weird place. It sounds like whoever is going to be buying the Senators should be spending that money to combat climate change or something. There is no way I'm not gonna low-key hate our ownership.

 

[Sun God Nika]

Is anyone else concerned of the Remington groups true long term interest in owning the team ?

They backed out of Phoenix , what’s stopping them from getting tired of the sens and just choosing to operate at the floor while they get all the real estate stuff done ?

 

[Ice-Tray]

Is anyone else concerned of the Remington groups true long term interest in owning the team ?

They backed out of Phoenix , what’s stopping them from getting tired of the sens and just choosing to operate at the floor while they get all the real estate stuff done ?

It would be smarter to sell the team at that point rather than running it into the ground.

 

[SENSational]

Well, hoping RR chose the winning group. This team needed much better marketing decades ago and Reynolds being the face of the franchise would solve so many problems over night.

 

[Micklebot]

From Garrioch's spot on the McCown podcast

- 1st Rd of bids due Feb 25th.
- RR met with 30 groups (what???)
- Desmarais only group not wanting to work with RR
- Bratty group willing to let RR do RR stuff,
- McCown or maybe it was Shannon says Bratty group has enemies out there?
- Garrioch thinks RR ran his plan to join Remington group by Bettman ahead of time
- McCown, the highest bid will get the franchise, RR alone won't get them the team.
- G expects 3 or 4 contenders to seperate themselves after 1st round of bids.
- thinks RR will bring in corporate sponsors
- Thinks Alfie will be involved, will work with Front office

 

[AchtzehnBaby]

From Garrioch's spot on the McCown podcast

- 1st Rd of bids due Feb 25th.
- RR met with 30 groups (what???)
- Desmarais only group not wanting to work with RR
- Bratty group willing to let RR do RR stuff,
- McCown or maybe it was Shannon says Bratty group has enemies out there?
- Garrioch thinks RR ran his plan to join Remington group by Bettman ahead of time
- McCown, the highest bid will get the franchise, RR alone won't get them the team.
- G expects 3 or 4 contenders to seperate themselves after 1st round of bids.
- thinks RR will bring in corporate sponsors
- Thinks Alfie will be involved, will work with Front office

2nd to last bullet —> RR would bring in at least $20M of sponsors

 

[Micklebot]

2nd to last bullet —> RR would bring in at least $20M of sponsors

That seems a bit hyperbolic to me but what do I know...

 

[UglyPuckling]

Okay fine, I could have been more precise and less dramatic, it was an exaggeration for effect, but the point was pretty clear to most. I wasn’t expecting the naivety, nor the pedantic push back due to ‘the rules’. The same rules that lead some folks to think that the Melnyks are actually choosing the buyer themselves before presenting them to the BOG.

I feel it was obvious that Gary doesn’t actually decide for himself, and was playing on how much influence he has and has had on NHL related business matters with the BOG thy votes on new ownership.

The BOG decides who joins their ranks, not the seller though it’s obviously not that straight forward for those who stare at the constitution and lack nuance. It’s just done in such a way that the seller doesn’t even bother dealing with people who don’t meet the criteria that the BOG want to see to begin with. The BOG gets a ton of input on these matters from Bettman, especially when there is potential for a new league revenue stream on the table.

The seller then chooses from the appropriate group, if single bidder who meets the standard, and the BOG gets to rubber stamp it as opposed to having to discuss things after wards and veto people they don’t like.

Anyways, consider this me walking back my exaggerated statement for the benefit of those who took it literally, who knew?

Sticking with stating facts provides more accuracy and will generate less push back. I don't pretend to speak for everyone, but it's refreshing to read posts with actual info and facts. The poster you were debating with actually described the process quite well. Also, were you also not chastising someone for being hyperbolic? Irony.

 

[Micklebot]

Players, or perspective buyers political leanings or. wokeness is considered off topic, and any posts on the subject will be deleted, these forums have a pretty strick no politics rule, so if you must post about politics please do so on some other social media platform.

Thx

 

[Big Muddy]

Reynolds would be great, but he said on the Jimmy Fallon show that he needs a sugar daddy i.e., a partner with very deep pockets. I think the key to this is like most things and can be summarized by the well known cliche "follow the money".

 

[Joeyjoejoe]

From Garrioch's spot on the McCown podcast


- Thinks Alfie will be involved, will work with Front office

This is the part that excites me the most.