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

[Golden_Jet]

Don’t recall this many suitors for a team on previous teams that were sold.

 

[HSF]

Don’t recall this many suitors for a team on previous teams that were sold.

its a big real estate play

 

[armani]

Don’t recall this many suitors for a team on previous teams that were sold.

People underrate Ottawa, all I see are people moving in from all over the country/world. Half of Toronto moved to Ottawa during COVID.

Lebreton can jumpstart a "rebuild" of Ottawa and its image. It's a cultural town with many different things to do, but is sleepy by nature. I like the sleepy part, but there is no reason why downtown cannot be more fun.

Sens as an anchor to develop Lebreton - I think the latter is the bigger prize for anybody interested in buying the team.

 

[IpsoPostFacto]

The Sparks group makes me nervous because Neko Sparks is, at least publicly, a complete unknown. That doesn't necessarily mean he would make for a bad owner (Melnyk was a known commodity, after all), but I do want more information on who he is and how he came to front this group. It feels like there's a story here for somebody to write.

Mendes called him a film producer, but he has no major credits and six years ago was running a $10,000 Kickstarter to shoot a web series.

He runs a marketing/production services/AI(?) company, but a lot of people are in that space. Three years ago he was charging $65/hr for his (and his 2-10 person team's) work. https://www.upwork.com/o/companies/~01dce697d6e90048a8/

He runs Sparks Finance Group, but all the content on their website is password protected. https://www.sparksfinancegroup.com/sports-acquistions

I know right? the possible money guys seem fine, but for a guy who works in areas that boil down to design and presentation those two links don't show off a thing - and that rate? I was charging triple that 10 years ago and I'm junk.

I would love to hear more about this guy, because what I see now is a guy who hustles and makes connections. That's great, but is not enough when it comes to being the lead on this project. imo.

 

[Golden_Jet]

People underrate Ottawa, all I see are people moving in from all over the country/world. Half of Toronto moved to Ottawa during COVID.

Lebreton can jumpstart a "rebuild" of Ottawa and its image. It's a cultural town with many different things to do, but is sleepy by nature. I like the sleepy part, but there is no reason why downtown cannot be more fun.

Sens as an anchor to develop Lebreton - I think the latter is the bigger prize for anybody interested in buying the team.

I think LeBreton can jumpstart it,
just not sure how many federal workers are returning to work, that seems to be up in the air. Or what the city or government plans are if they don’t.
But it is the best location, hopefully NCC has a vision for the rest of the property.

 

[Gil Gunderson]

its a big real estate play

Basically. You get a clean slate to build an entertainment district in a capital. Also, Canadian NHL teams rarely get sold. Not counting the Atlanta/Winnipeg move, it's the first time since 2009 when Molson bought the Habs from George Gillett.

 

[Golden_Jet]

Basically. You get a clean slate to build an entertainment district in a capital. Also, Canadian NHL teams rarely get sold. Not counting the Atlanta/Winnipeg move, it's the first time since 2009 when Molson bought the Habs from George Gillett.

To make an entertainment district, they need to acquire more NCC land imo.
No idea where their practice rink would be, unless in same building as main rink.
But if in same building maybe not convenient for players to commute to.

 

[coladin]

Depreciation expense does not hide profit.

Depreciation definition

Depreciation represents the estimated reduction in value of a fixed assets within a fiscal year. Tangible assets, such as buildings, equipment, vehicles and so on, are purchased in large lump sums.

Okie dokie

 

[Crosside]

GARRIOCH: Suitors for Senators franchise getting up-close look at Canadian Tire Centre

As many as six groups have been invited to the next stage of bidding for Ottawa's National Hockey League franchise.

ottawasun.com

 

[Silky Johnson]

It's too early to read too much into this. We don't know how much these guys are investing, how big a role they would have, etc.

If Bill Gates invests in my company, it doesn't mean I will have access to Bill Gates's wealth.

Yes it does. Just not unfettered access.

 

[Qward]

Yes it does. Just not unfettered access.

Mr. Gates, how much would you say you spend on burgers in a month?

 

[Micklebot]

Mr. Gates, how much would you say you spend on burgers in a month?

It's less than the price of one corporate merger/acquisition per month, and you don't have to worry about those pesky antitrust lawsuits....

 

[Qward]

It's less than the price of one corporate merger/acquisition per month, and you don't have to worry about those pesky antitrust lawsuits....

Answer the question Mr. Gates!

 

[Sun God Nika]

I can see the league getting concerned with multiple owners because there is more risk of what happened with the coyotes 5% owner or some similar incident.

 

[Micklebot]

I can see the league getting concerned with multiple owners because there is more risk of what happened with the coyotes 5% owner or some similar incident.

Aren't all the bids multiple owners? Comes with the territory when you start selling franchises for a billion dollars....

 

[Slippy]

Why not both? They are acquainted afterall....

Yeah, acquainted from Red Notice, so why not bring Gal Gadot along too. Yes please.

 

[Sun God Nika]

Yeah, acquainted from Red Notice, so why not bring Gal Gadot along too. Yes please.

Nope

 

[Nac Mac Feegle]

The whole thing is crazy.

All I want, is owner(s) who will put in the cash to make for a great arena & surrounding area and have a really solid hockey organization from top to bottom with top quality people (think Boston or Nashville)...and stay out of the limelight once all the ribbons are cut and things are running smoothly. And do so long term...long after the newness of owning a hockey team wears off.

 

[Tnuoc Alucard]

A ownership group with the Rock, Reynolds and potentially Alfie and infinite money to spend on the team ?

I just ed

you’re joking, right?

Do you honestly believe that IF these three Invest in a NHL franchise, that they would pour their own (infinite) money into the team?

I know that I Invest my money, to hopefully make more money, and not to pour more of my money into an Investment, just to see it succeed…. I am looking for a ROI, as would these three.

 

[Golden_Jet]

you’re joking, right?

Do you honestly believe that IF these three Invest in a NHL franchise, that they would pour their own (infinite) money into the team?

I know that I Invest my money, to hopefully make more money, and not to pour more of my money into an Investment, just to see it succeed…. I am looking for a ROI, as would these three.

Yes, that why there are bigger investors behind those names.

 

[Tnuoc Alucard]

Basically. You get a clean slate to build an entertainment district in a capital. Also, Canadian NHL teams rarely get sold. Not counting the Atlanta/Winnipeg move, it's the first time since 2009 when Molson bought the Habs from George Gillett.

https://www.cbc.ca/archives/the-original-winnipeg-jets-were-reluctant-to-leave-in-1996-1.5092200

NORDIQUES’ MOVE TO DENVER FINALIZED

Denver, which lost an NHL franchise in 1982, got another one Wednesday. Despite a last-ditch effort by local businessmen to keep the Nordiques in Quebec, league owners approved the sale of the club…

www.chicagotribune.com

 

[Tnuoc Alucard]

Yes, that why there are bigger investors behind those names.

so do you think the “Big investors” are going to pour their own money into the franchise, without any thought of a ROI?

 

[Golden_Jet]

so do you think the “Big investors” are going to pour their own money into the franchise, without any thought of a ROI?

That’s what the real estate play is about, that’s why teams increase in value. 125 million to 900 million in 20 years. Excellent return on investment.
Non hockey related returns from arena.

 

[Loach]

so do you think the “Big investors” are going to pour their own money into the franchise, without any thought of a ROI?

The team is going to sell for close to 1B, a new arena is going to be built for north of 600M and you think they will nickle and dime the team? The ROI is the value of the franchise....you can see it, it's happening right now in the sale fer fcks sake. When they put money into the team, what will you say then? God your take on this is so old, espcially because yoh don't have a take on anything else. Like nothing else about the team interests you.

That’s what the real estate play is about, that’s why teams increase in value. 125 million to 900 million in 20 years. Excellent return on investment.
Non hockey related returns from arena.

Yes!

 

[Sun God Nika]

you’re joking, right?

Do you honestly believe that IF these three Invest in a NHL franchise, that they would pour their own (infinite) money into the team?

I know that I Invest my money, to hopefully make more money, and not to pour more of my money into an Investment, just to see it succeed…. I am looking for a ROI, as would these three.

The infinite money would come from the uk group as a part of that neko bid, the people rumoured to be financially backing it up .if they are a part of that bid and the sens have have the second richest ownership group I can’t imagine a world where we don’t spend like the other top rich teams