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

[Senator Stanley]

Behind a pay wall, but...

Another potential Senators suitor is poised to make a bid: The latest on the team's sale

A group led by Los Angeles-based entrepreneur Neko Sparks is preparing a bid to purchase the Senators when the sale process formally opens.

theathletic.com

This article provides nothing of substance. It's just vague details that Mendes was fed and seems to have taken at face value.

 

[GCK]

Who the f*** is Neko Sparks

 

[Masked]

keep it growing.

where where you when I needed you? When I ran this territory for a construction company... these numbers where so much less.

Hey Rod Bryden...tell me again about the Ottawa boom.. and how you declared bankruptcy a few months later..

NO.. it ain't. Unless every small town has doubled..

Can you please replace this with something coherent? Thanks!

Assen na yo!

 

[h2]

I'm fine with Sparks and his group owning the team, as long as Reynolds is involved.

Reynolds must be involved in any group that wins. If not, big miss by the NHL.

 

[FunkySeeFunkyDoo]

I used to work with a promoter that booked bands at various venues, and they told me the very obvious fact that one of the reasons bands skip Ottawa is because of the location of the CTC (being in Kanata vice downtown), now this was back around 2004, but I doubt much has changed.

Ah, okay -- makes sense and there's no reason to doubt it.

But, if I'm understanding @Beech 's posts he's arguing that concert revenue will be limited by the size of the market, as opposed to it being limited by the number of bands who are will to come to Ottawa.

IE, it's not like Ottawa is going to sell out a concert every weekend -- no matter how great the bands are -- just because it's not a big enough city.

I have no idea or opinion on how close his numbers are to reality. But, I just don't think you guys are debating the same point.

 

[Micklebot]

This article provides nothing of substance. It's just vague details that Mendes was fed and seems to have taken at face value.

And it explains who Niko Sparks is, hence why I posted it in response to a post asking who is Niko Sparks.

 

[Relapsing]

Who the f*** is Neko Sparks

I did the hard work for you:

Neko sparks - Google Suche

 

[coladin]

I think what people are missing why the new arena is critical to the sale of this team is the tax shelters that are inherent in that type of purchase.

If that arena costs 1B, they are going to deduct $40M plus a year from their bottom line. That, friends, is a lot. If the team makes 10-12M, they are keeping all of it and throwing those tax losses to another year. The owners will not pay tax for some time.

And don't be fooled about the viability of CTC, and it is at the end of its life blah blah blah. The end of the life after 40 years is because ...you guessed it...there is nothing left to write off! They will be paying tax as they are probably writing off a couple hundred grand per year, which is why they need to make capital improvements to create some expenses. That arena , that roof, etc...all that crap will be good for another 40 years, but it doesn't generate anything tax-wise for them

 

[Micklebot]

Ah, okay -- makes sense and there's no reason to doubt it.

But, if I'm understanding @Beech 's posts he's arguing that concert revenue will be limited by the size of the market, as opposed to it being limited by the number of bands who are will to come to Ottawa.

IE, it's not like Ottawa is going to sell out a concert every weekend -- no matter how great the bands are -- just because it's not a big enough city.

I have no idea or opinion on how close his numbers are to reality. But, I just don't think you guys are debating the same point.

Well tbf, I did bring it up in direct response to him stating "It is not the CTC that keeps acts and other events away.. are you kidding?"

The reality is the market can support what it can support, and while that amount is growing along with the population in general, if all other variables remain the same, a more accessible venue that is in a more desirable location for artists and fans alike can only help.

 

[Senator Stanley]

And it explains who Niko Sparks is, hence why I posted it in response to a post asking who is Niko Sparks.

I'm not being critical of you for sharing, I'm being critical of the article which does a very poor job of explaining who this guy actually is.

 

[RyCam]

Not gonna lie, Neko Sparks and the group he's put together doesn't exactly scream stability to me.

 

[otown]

I used to work with a promoter that booked bands at various venues, and they told me the very obvious fact that one of the reasons bands skip Ottawa is because of the location of the CTC (being in Kanata vice downtown), now this was back around 2004, but I doubt much has changed.

I don't buy that. If the promoter is paying big $$$ for the band they don't care where it is.

 

[Micklebot]

I don't buy that. If the promoter is paying big $$$ for the band they don't care where it is.

When you're booking a tour you have options, it's not play Ottawa or don't play at all this week, but if you think you know better than a guy whose literal job was booking bands, idk what to tell you.

 

[Relapsing]

I don't buy that. If the promoter is paying big $$$ for the band they don't care where it is.

That intuition or because you have experience in the industry?

 

[TonySoprano11]

This thread has devolved into hilarity courtesy of all the resident business and real estate experts we have on here.

 

[coladin]

This thread has devolved into hilarity courtesy of all the resident business and real estate experts we have on here.

What's so funy about it. This is a business transaction , in the billions, is there any real estate involved?

 

[Micklebot]

What's so funy about it. This is a business transaction , in the billions, is there any real estate involved?

The CTC would be part of it.

 

[Adele Dazeem]

What's so funy about it. This is a business transaction , in the billions, is there any real estate involved?

The eventual development of the new stadium plus land surrounding it.
It's as much a real estate deal than anything else.

 

[coladin]

The eventual development of the new stadium plus land surrounding it.
It's as much a real estate deal than anything else.

I know, but someone found it hilarious.

Anyways, they need to build this arena for access to legally tax free money...

 

[Sun God Nika]

I'm fine with Sparks and his group owning the team, as long as Reynolds is involved.

Reynolds must be involved in any group that wins. If not, big miss by the NHL.

I feel like a film producer in sparks and a major actor in reynolds would be able to fit together somehow.

 

[AchtzehnBaby]

Any relation to Neko Case?

 

[Golden_Jet]

Kudos to Mendes for writing an article on this in January

 

[Golden_Jet]

because mega bands do not want to be embarrassed by small attendance.

a band sends the roadies in on Thursday to set up. they arrive Thursday night to their hotel..
Friday morning, they are at the venue to rehearse and sound check..
Friday night is teh concert.
back to the hotel. Saturday, at the airport and gone

who cares where it is, what matters? 20 K screaming fans.

Will we get 20 K screaming fans 12-24 times..

an arena needs 3 nights a week of activity. 1 or 2 is the hockey team. That leaves 1 or 2 for other.. 75-80 dates of other...

I hope so...

I hoe everyone is right Mick. otherwise, the Euphorbia we feel now, will be replaced by Melnykian reality...

How many dates that weren’t Sens games, prior to Covid did the arena get booked.

 

[SPF6ty9]

I feel like a film producer in sparks and a major actor in reynolds would be able to fit together somehow.

I have never heard of anything Neko Sparks has produced, directed, written, etc. Definitely not like the Kraken bringing in Jerry Bruckheimer. Honestly he seems like a more flash than substance tech entrepreneurial type. But I'm paywalled on the Mendes article and don't care enough to search more in depth, so I guess we'll see what happens if his group becomes a real contender for this.

 

[Senator Stanley]

I feel like a film producer in sparks and a major actor in reynolds would be able to fit together somehow.

Reynolds is a massive Hollywood producer, in addition to being a movie star. Neko Sparks doesn't have a single significant credit. These are people operating at completely different levels.