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

[Ice-Tray]

Still not getting the comparison to a social media genius with no shame in self promoting his brands owning the team VS an old school Hollywood actor (powerbroker?) that would would draw in no one but his diehards to see his hockey team. But I digress.

Imo, Reynolds at his current level of celebrity and outreach makes him more popular as a potential owner than peak Brando would have ever been. He was a weirdo and most people just chalked it up to being a gifted "actor". You wanted to see his movies, not his weird private life lol.

They went though his influence on Wrexham. The focus wasn’t on the team on the pitch, it was the constantly sold out merch, the all of a sudden mass social media following of the team. Intense international interest in a 5th tier soccer team due to RR and his show on Netflix….

Imagine the Sens being able to break out of the leaf and Hab shadows on the international stage?

That’s part of what RR could bring.

 

[Samboni]

My bet is that the Remington group isn’t successful, Reynolds will eventually land with the winning bid… even if it’s Desmarais. I’m confident that Bettman will make it happen. The other scenario is that Reynolds buys into another team. Either way, Reynolds wins.

 

[Ice-Tray]

IF Bettman decides ultimately, they could just announce who the new owner will be now and forego all of the hassle, time, energy and money to go through the bidding process. Bettman's stake (skin/money) in this game is much less than the owners. Do you let some else have total control of your money without any supervision or oversight on your part? You're just guessing & offering an opinion.

As has been explained to you, Bettman doesn’t decide, he influences the decisions as the process goes through the prescribed steps that you have dutifully posted from the constitution..

He presents what he thinks is the best bet for the healthy future of the league to the BOG, and if they are on board, you can bet that’s what will happen.

Bettman has been publicly backing RR, and has been coaching him throughout the process so you can bet the board is supportive.

It’s like everyone knows what’s going on but you, who is stuck on the letter of the words of the NHL constitution.

Sure, RR would bring in revenue and notoriety to the team and league for a couple years. But what happens when people don't want to watch season 4 of the "Sens behind the scenes" reality show? Pop culture has gotten so insanely fickle the past decade, that I wonder about any long-term longevity by trying to chase those "fad" dollars.

So because long term interest may flag eventually we should ignore the possibility of a short and mid term benefit?

The NHL wants to find a way to be cool again, and this is looking like a good bet. Not to mention you take a small market team, on revenue sharing dollars, and you flip the script and make them internationally popular. The entire league wins, culturally and financially. Sens win too, and some of those fans will stick.

I mean, why do we do anything awesome in the short term if we all die eventually….

 

[Nac Mac Feegle]

So because long term interest may flag eventually we should ignore the possibility of a short and mid term benefit?

The NHL wants to find a way to be cool again, and this is looking like a good bet. Not to mention you take a small market team, on revenue sharing dollars, and you flip the script and make them internationally popular. The entire league wins, culturally and financially. Sens win too, and some of those fans will stick.

I mean, why do we do anything awesome in the short term if we all die eventually….

I just want an ownership group that is in it for the long haul. One that won't lose interest and half ass things once the shiny new toy phase has passed (and once all the land has been developed). That's why I'm wary of any celebrity (and some of these developers) being such a big part of any new ownership.

 

[Ice-Tray]

I just want an ownership group that is in it for the long haul. One that won't lose interest and half ass things once the shiny new toy phase has passed (and once all the land has been developed). That's why I'm wary of any celebrity (and some of these developers) being such a big part of any new ownership.

I doubt anyone is losing interest on their 800 million dollar purchase (doesn’t include new arena costs) after a few years.

Apparently Remington Group are big hockey people. They have wanted to get into the NHL previously. The real estate opportunity is a perfect fit for developers because the cost of the team and arena is astronomical and there needs to be avenues of recompense.

As for a celebrity, he is Canadian and loves hockey which is nice, and he also runs a production company aside from acting. The potential for a show is certainly one avenue, but there are lots more things a production company can get involved in with the NHL, and the Sens down the line.

I personally think that a super rich person spending money on the team without any designs on making it profitable to them is far more of a scary proposition than a partnership of owners who can both see ways of profit in completely different spheres of their ownership. Who both love hockey.

Remington is based close enough to Ottawa to be somewhat ‘local’, and RR has local ties as well and was donating to the Ottawa food bank before buying the team was an option.

The optics here look pretty good in my opinion.

 

[Sens of Anarchy]

 

[Emerica]

Haven’t read the article but wow

 

[DaveMatthew]

Would not be surprised to see a couple of these groups merge and go in on a bid together by the end of it.

My hunch is that the Bratty's are more open to adding additional partners to their group, compared to the Andlauer or Desmarais bids, who both want to be "the guy".

I'd bet that pushes them to be the front-runner, which is why Bettman probably hinted to Reynolds that they're the ones to go with.

 

[Cosmix]

I just want an ownership group that is in it for the long haul. One that won't lose interest and half ass things once the shiny new toy phase has passed (and once all the land has been developed). That's why I'm wary of any celebrity (and some of these developers) being such a big part of any new ownership.

Deep pockets is the big one for me. After that they hopefully have a solid business plan on how to make it work financially.

 

[thinkwild]

Daly out pumping up the value of the franchise in what looks like a bidding war. Hard to believe the Sens could sell for a billion.

But i guess a real estate development company buying the team and then having the team borrow money to pay it for building the arena could be a sweet deal.

RR seems to be a pretty astute businessman as well, not just some actor providing a face. We might be underestimating him a bit too. He could bring much more than just a video.

 

[Samsquanch]

Daly noted the club may not go to the highest bidder and the owner has to be the right fit.

“You look at all aspects (of potential owners). It’s important to have solid ownership with the financial wherewithal and the (right) structure of the ownership groups,” Daly said. “There’s also potential synergies with the team and the market. Those are all relevant factors.

“Galatioto Sports Partners, who are running the bidding process, want to maximize the value. I think ultimately we’d like to maximize the value and we know the club would like to maximize the value. But value has a number of ways of being defined. You look at a variety of factors and ultimately you pick what’s the best fit.”

Hmmm sounds an awful lot like the NHL will get "their guy" to me at the end of the day.....

This basically confirms my thoughts that echoed these words verbatim last night....

 

[Golden_Jet]

Daly noted the club may not go to the highest bidder and the owner has to be the right fit.

“You look at all aspects (of potential owners). It’s important to have solid ownership with the financial wherewithal and the (right) structure of the ownership groups,” Daly said. “There’s also potential synergies with the team and the market. Those are all relevant factors.

“Galatioto Sports Partners, who are running the bidding process, want to maximize the value. I think ultimately we’d like to maximize the value and we know the club would like to maximize the value. But value has a number of ways of being defined. You look at a variety of factors and ultimately you pick what’s the best fit.”

Hmmm sounds an awful lot like the NHL will get "their guy" to me at the end of the day.....

This basically confirms my thoughts that echoed these words verbatim last night....

Really, and a few thought I was crazy for suggesting it might not go to the highest bidder.

 

[HSF]

remember when there were certain fanboys here who said it would be hard to find a different owner

 

[Que]

Weird request from a member of Sens nation.

I know some of you gentlemen have the means to make things happen, and I have to humbly ask a favour.

Could someone build another Chipotle or two in the Ottawa area for DeBrincat?

Please?

Yours truly,

Que

 

[Gil Gunderson]

 

[Ice-Tray]

Daly noted the club may not go to the highest bidder and the owner has to be the right fit.

“You look at all aspects (of potential owners). It’s important to have solid ownership with the financial wherewithal and the (right) structure of the ownership groups,” Daly said. “There’s also potential synergies with the team and the market. Those are all relevant factors.

“Galatioto Sports Partners, who are running the bidding process, want to maximize the value. I think ultimately we’d like to maximize the value and we know the club would like to maximize the value. But value has a number of ways of being defined. You look at a variety of factors and ultimately you pick what’s the best fit.”

Hmmm sounds an awful lot like the NHL will get "their guy" to me at the end of the day.....

This basically confirms my thoughts that echoed these words verbatim last night....

Yup this is all pretty obvious.

It’s important for the outgoing owner to get paid, but it’s a lot more important for the remaining 31 owners to make sure it’s the best fit for the league. It’s Bettman’s job to figure out who that is, why and how, and inform the BOG.

The fact that it’s pretty public that Bettman has been helping RR in his ownership bid, is all we really need to know about how this likely unfolds. Still could be some surprises, but under no circumstances were the Melnyks ever going to be able to choose the next owner.

 

[HoweHullOrr]

Really, and a few thought I was crazy for suggesting it might not go to the highest bidder.

Yes, this was identified in one of my earlier posts -> #1053

""The criteria set forth in the [NHL] constitution and bylaws relates to financial wherewithal, character, integrity and the view whether or not the other owners would deem you a good partner," Bettman said.

Really, and a few thought I was crazy for suggesting it might not go to the highest bidder.

From post #1053

""The criteria set forth in the [NHL] constitution and bylaws relates to financial wherewithal, character, integrity and the view whether or not the other owners would deem you a good partner," Bettman said.

 

[HoweHullOrr]

As has been explained to you, Bettman doesn’t decide, he influences the decisions as the process goes through the prescribed steps that you have dutifully posted from the constitution..

He presents what he thinks is the best bet for the healthy future of the league to the BOG, and if they are on board, you can bet that’s what will happen.

Bettman has been publicly backing RR, and has been coaching him throughout the process so you can bet the board is supportive.

It’s like everyone knows what’s going on but you, who is stuck on the letter of the words of the NHL constitution.

LOL.

Obvious stuff and I mentioned most of what you posted here a ways back - post #1053.

""The criteria set forth in the [NHL] constitution and bylaws relates to financial wherewithal, character, integrity and the view whether or not the other owners would deem you a good partner," Bettman said.

Maybe your not reading & loose the attitude.

 

[Que]

I don’t think the Remington group will be the highest bidder - top 3 I think - but they will have the best means to create a new downtown arena - is my understanding of why Reynolds is involved with this particular offer.

Am I correct in this assumption?

 

[Sensinitis]

Exciting times ahead!

 

[Ice-Tray]

LOL.

Obvious stuff and I mentioned most of what you posted here a ways back - post #1053.

""The criteria set forth in the [NHL] constitution and bylaws relates to financial wherewithal, character, integrity and the view whether or not the other owners would deem you a good partner," Bettman said.

Maybe your not reading & loose the attitude.

Could be wrong but it sure felt like you and others delivered the attitude first. If I’m wrong on that, my apologies.

As for the rest of the debate as a whole, I think it’s pretty plain to understand that the BOG will get their mark, and the man with the plan will have done his job.

Anyways, it’s acrimony over what should be exciting so I’m going to generally apologize my attitude on this topic and move on.

 

[Nac Mac Feegle]

Exactly how do they justify a one billion dollar price tag?

I know the surrounding development is big money...but what makes them think they can make that much profit on the development to cover the costs of an NHL team that supposedly has to make the second round to break even from year to year?

 

[boxbox]

NHL would be legit stupid if they didn't push for RR and his partners assuming their offer checks all the requirements for now and foreseeable future. Like many have mentioned RR being who he is and who he portraits in the movies would be big for the both the NHL and Senators and for sure have nothing but a positive effect

Literally just for shits n giggles RR should insist to have production create a scene in the upcoming Deadpool movie where Deadpool somehow ends up wearing a vintage sens jersey.

In the end new owner(s) that will treat the team well and provide the neccessary support to help the team become more stable, successful and appealing is fine with me. The fact the Sens are considered a young and fun team would just go along with RR personality well. RR isn't just a funny guy and if he is then hes a genius applying it, if him becoming an owner has even one fifth of the impact it had on Aviation Gin the Sens are laughing. Lets not foget the very likely hood of a new arena coming as well. Assuming the team keeps trending upwards, a committed new ownership and a state of the art new arena, all of the sudden put together it sounds kind of attractive.

 

[Crosside]

Eugene was not stupid when he said. Someone have to offer me 700m to start talking.

 

[Crosside]

I don’t think the Remington group will be the highest bidder - top 3 I think - but they will have the best means to create a new downtown arena - is my understanding of why Reynolds is involved with this particular offer.

Am I correct in this assumption?

This and the fact this group let RR managing the team. With Andlauer that like hockey and would be the majority owner. Reynolds would not have a big word on who hiring. Reynolds like to have the best at every position at all costs