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

Union2017 · Mar 16, 2023

Blake will divorce him in November next year, after we mess up the beginning of the season yet again.

Golden_Jet · Mar 16, 2023

Gil Gunderson said:

Also the sale involved gets 39% in cash and 61% in stocks. On T-mobile . So he actually didn’t get about 300 million in cash .

SPF6ty9 · Mar 16, 2023

GCK said:
I’m beginning to question if Lebreton is the best location. Very little access by car, an LRT system which doesn’t function well during the winter and also doesn’t service Kanata/Sittsville or Barrhaven. Is there a location with Highway and LRT access which offers development opportunities?

Just drawing off how things were handled for Bluesfest in the same area. I presume if something happened with the LRT they would have a fleet of busses there. Obviously in an ideal world we just don't have a shit train system, but what's done is done. That would probably be the slightly annoying contingency plan.

Micklebot · Mar 16, 2023

Golden_Jet said:
Also the sale involved gets 39% in cash and 61% in stocks. On T-mobile . So he actually didn’t get about 300 million in cash .

He'd likely be borrowing anyways, no? so I'm not sure that matters much.

Golden_Jet · Mar 16, 2023

Micklebot said:
He'd likely be borrowing anyways, no? so I'm not sure that matters much.

It would depend what percentage of team he is interested in.

Micklebot · Mar 16, 2023

Golden_Jet said:
It would depend what percentage of team he is interested in.

I would imagine the decision to finance or not is more dependant on what kind of financing rates he can get, though I suppose those rates may vary based on how much he's borrowing.

Golden_Jet · Mar 16, 2023

Micklebot said:
I would imagine the decision to finance or not is more dependant on what kind of financing rates he can get, though I suppose those rates may vary based on how much he's borrowing.

They would ,and rates aren’t the best atm, not to mention he’s liquidated a few assets, so maybe he puts cash down, or a big portion in cash.

Big Muddy · Mar 16, 2023

Golden_Jet said:
Upwards of 300 million from mint mobile, owned 20-25%,
over 100 million from the Gin.

Some of the Mint Mobile pay off was in the form of T-Mobile shares from what I recall (hopefully correctly) after reading the article. I suppose he could sell some shares if he wanted to.

Sun God Nika · Mar 16, 2023

The thought of the team staying in Kanata is actually making me sick, can we stop ?

Big Muddy · Mar 16, 2023

Loach said:
I wonder what HF will look like with new owners and management. Will there be a role reversal in peoples opinions? Or will it continue the same? This is going to be facinating. Lol.

Probably the same personalities will either complain or chastise other fans for an incorrect attitude. LOL.

Golden_Jet · Mar 16, 2023

Big Muddy said:
Some of the Mint Mobile pay off was in the form of T-Mobile shares from what I recall (hopefully correctly) after reading the article. I suppose he could sell some shares if he wanted to.

Yes scroll up , I listed the breakdown this morning on cash/shares.

Pain said:
The thought of the team staying in Kanata is actually making me sick, can we stop ?

Not interested in what is being reported, we can’t stop you from getting sick though.

Big Muddy · Mar 16, 2023

Golden_Jet said:
Yes scroll up , I listed the breakdown this morning on cash/shares.

Not interested in what is being reported, we can’t stop you from getting sick though.

Ya, I started to read the most recent posts first and then scrolled backwards to earlier ones afterwards. I think you read the same article that I did.

Crosside · Mar 16, 2023

Pain said:
The thought of the team staying in Kanata is actually making me sick, can we stop ?

I see a quote today about Leblanc. He said we know the big problem in Ottawa is ice sheet. Maybe they can built a ice sheet in Lebreton sector and Sens use them for practice

BonHoonLayneCornell · Mar 16, 2023

Pain said:
The thought of the team staying in Kanata is actually making me sick, can we stop ?

Surely, nobody is dumb enough to pay almost a billion dollars to keep it out there. Just seems absurd in general. We already know how that story ends.

DueDiligence · Mar 16, 2023

Golden_Jet said:
Upwards of 300 million from mint mobile, owned 20-25%,
over 100 million from the Gin.

I don’t recall other teams getting multiple bids, all the time, unless I misremember.

Well the only way that RR gets that much is that there is no debt to be taken care of. From all reports RR will walk away with $100-$150 million.

Golden_Jet · Mar 16, 2023

DueDiligence said:
Well the only way that RR gets that much is that there is no debt to be taken care of. From all reports RR will walk away with $100-$150 million.

Got any of these multiple reports, you’re referring to.
Or are you referring to this:
Only 39% is cash from the deal the rest is stock in T-Mobile.

Golden_Jet · Mar 16, 2023

Wonder when the narrowed down group of investors, come to the CTC to see things.
I know BG has alluded to that, and LeBlanc said it in Mendes latest Q&A with LeBlanc.
I’d assume the visitors will get leaked somehow.

Gil Gunderson · Mar 16, 2023

Golden_Jet said:
Also the sale involved gets 39% in cash and 61% in stocks. On T-mobile . So he actually didn’t get about 300 million in cash .

It's not so much the amount of money he has on hand (he was always a viable bidder) but his "business savviness" that might be impressing the NHL. It's a different business model, but with how every one of his ventures has skyrocketed in value, I can see how it's tempting for the NHL and BoG.

Golden_Jet · Mar 16, 2023

Gil Gunderson said:
It's not so much the amount of money he has on hand (he was always a viable bidder) but his "business savviness" that might be impressing the NHL.

It’s definitely not about the money, don’t think I insinuated that.

Crosside · Mar 17, 2023

From Northstarbets , we found another bidder . Roustan and First Nation have submit a bid. They want to develop Lebreton Flats

Union2017 · Mar 17, 2023

Crosside said:
From Northstarbets , we found another bidder . Roustan and First Nation have submit a bid. They want to develop Lebreton Flats

Hmmmm how much $ would they have. I really would like us not to have any more budgeting issues and I don't know anything about Roustan and First Nation (is that the name of one company or is it two companies?)

Micklebot · Mar 17, 2023

Union2017 said:
Hmmmm how much $ would they have. I really would like us not to have any more budgeting issues and I don't know anything about Roustan and First Nation (is that the name of one company or is it two companies?)

Graeme Roustan owns the hockey news, I think he used to own Bauer, not sure he does anymore

Idk who first Nation is though.

coladin · Mar 17, 2023

Crosside said:
From Northstarbets , we found another bidder . Roustan and First Nation have submit a bid. They want to develop Lebreton Flats

The First Nations angle...is this for tax shelter/savings purposes?

Masked · Mar 17, 2023

Micklebot said:
Graeme Roustan owns the hockey news, I think he used to own Bauer, not sure he does anymore

Idk who first Nation is though.

On TSN last night they reported that he has a house in Carleton Place and might be partnered with some First Nations investors.

Assen na yo!

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

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