But did you check Kajiji ?
Bettman is an excellent commissioner; knowledgeable, high level skills, rationale, in control at all times. The best commissioner the NHL ever had.
Confirmed with Link: Senators are for sale - and it’s a Gong Show
- Thread starter Tuna99
- Start date
-
Work is still on-going to rebuild the site styling and features. Please report any issues you may experience so we can look into it. Click Here for Updates
- Status
Hole in the Condon
Registered User
- Dec 2, 2017
- 148
- 139
I feel like it would be worthwhile for Eugene's daughters to hold out on selling until after the arena is built. Would a new arena not add a significant amount to the valuation of the team?
Do the Melnyk sisters have enough cash (even with a partner) to complete a billion dollar sports complex?
Genuinely curious, not insinuating that they do not.
Samsquanch
Raging Bull Squatch
I feel like that's a better thing for the next ownership group to be a part of. Its still years away, and with all due respect to the Melnyk sisters, the scope of a project this size is out of their league (unless it's something they are extremely passionate about). And it's still many years and many sets of negotiations away from being a reality.
I think they've done the best they can by creating a massive amount of renewed interest around the team, and they set the franchise up very nicely by hiring a good team that got them into the spot of the preferred bidder for the arena.
Hole in the Condon
Registered User
- Dec 2, 2017
- 148
- 139
I suppose my comment was made with the assumption that they'd be more hands-off with the project, with their main role being funding. But yeah you make a good point.
Samsquanch
Raging Bull Squatch
Yeah I guess my point is that a project of this size likely needs be spearheaded by a group of very wealthy people that are dedicated and willing to put the proper time and energy into seeing this through properly.
It's very true that this isn't just a team for sale - it's a team that has the potential to basically move to a new, more popular market full of your existing fans (downtown), and getting to build a new state of the art arena of your dreams. Its someone with a vison (and deep pockets) wet dream dream tbh. Overspend now, whatever it takes to get the arena built, and watch the franchise value skyrocket in 10 years from now.
Even just overseeing the overseers is still a full time job for the person stroking the cheques if they care about their money (which most rich people do).
I'm not sure what the girls financial situation is, but my assumption is that while it's possible for them to fund this project from an equity standpoint, their margins of error would be very thin. And it would still be a lot of stress for them even if there werent any major hiccups along the way.
Again these girls could likely get it done if they went all in and hired a good team of people in front of them to help see it through. But I think they are respectfully bowing out and selling at the exact right time for a new, more invested and passionate ownership group to come in and take it from here.
Last edited:
Nac Mac Feegle
wee & free
- Jun 10, 2011
- 35,724
- 10,259
At the same time, I think a big allure of the team right now is also the land around the arena. Being able to bid on other parcels of that land and creating a bigger entertainment complex with some housing. That's where the immediate profit seems to be. Buying the team after the arena is built might lock out the new owners from those other pieces of land.
Samsquanch
Raging Bull Squatch
Mac and Hugh. I mean Jackman is basically an honorary Canadian at this point anyways for portrayal of Wolverine.
If im being honest, and especially at first (when i was young and reading Wizard magazines casting call choices) - I would have much preffered a shorter and more stout/stocky man physically to Jackman...
But sweet Jesus the bloke killed it from the neck up while representing one of our beloved national treasures. After several different directors and tries - he was the person on set that clearly understood the character the most. He did both Wolvie (and us) right. And that was a heavy cross to bear for a tall and lean foreigner who had likely not ever worn a plaid shirt before....
And so It would be a dream team having Canada's two greatest super heroes and a karate master all representing us at the same time. Would be a great day for Canada, and therefore the world.
Last edited:
SunGarrioch
Jeff York of Farmboy is trying to put together a group of investors to purchase the #Sens. Not all are local and he has met with the league. The NHL would prefer one owner with a large majority. This is a massive deal.
Jeff York of Farmboy is trying to put together a group of investors to purchase the #Sens. Not all are local and he has met with the league. The NHL would prefer one owner with a large majority. This is a massive deal.
Samsquanch
Raging Bull Squatch
I can't claim to understand the business or financial side of things, but I'm not sure why the league frowns on ownership groups and prefers one owner in a massive deal like this. Especially with the arena deal looming overhead.
If the money is there, then it's there. Who cares if comes from several rich and powerful entities as long as theres a clear majority owner thats safe and stable. And your not putting all of your eggs into one basket this way either. You would think selling a share of the team and/or buying a minority owner out if need be would be far easier to mitigate than the problem of one single owner falling on hard times.
Strength and stability in numbers, no?
Micklebot
Moderator
- Apr 27, 2010
- 58,403
- 36,476
Idk, maybe the concern is with a group there's always a danger on in-fighting.
mysens
Registered User
- Apr 9, 2013
- 1,120
- 1,061
There will always be infighting with a large money project as this will. When Lebreton gets going, the many partners have a budget in mind, and when it goes over even slightly, it's a tough situation to start reaching into your pockets. My bet is that this could go way over budget. The number of cash calls could be worrisome to multiple partners. Some may be able to dig in their coffers, some may not be able, then what do you do? Good on Bettman on seeing this I suppose.
coladin
Registered User
- Sep 18, 2009
- 12,061
- 4,864
This is going to be hotly contested purchase. Heard last night from someone in the know that there are 7 parties interested. Confirmed to me is what is out there: York. Desmarais. Reynolds. Should be interesting
I’m hoping Desmarais gets the team, deep pockets, strong ties to Ottawa, lots of pull with the Feds for public support
OttawaSenators11
#25 FTW
- Oct 10, 2010
- 6,361
- 1,389
Senovision
Registered User
- May 23, 2011
- 3,065
- 2,176
I think it’s the family as whole that is estimated to be worth that much, but I’d suspect that André Desmarais has a nice chunk of that (and likely only getting higher).
Would think that as few of these will need to join forces due to monetary constraints. York is a wealthy man, but nowhere near the amount to own an NHL team without major investors. Same for Reynolds.
Hoping for Desmarais and others. Have someone like Reynolds join him in a group and it’ll be an almost perfect group.
coladin
Registered User
- Sep 18, 2009
- 12,061
- 4,864
York is just a figure head. Hell, I think I am worth than he is. But he is an organizational guy who can be a lot like Jeff Hunt on the NHL stage.
I always like Desmarais, even their initial Lebreton plan was more fascinating and interesting.
Qward
Because! That's why!
Lets sell the team to a group with Ryan Renolds, The guy from Circue de Solei, the guy from Shopify and lead by Alfie.
YouGotAStuGoing
Registered User
Tobi Lutke has repeatedly said he's not interested. Time to let the dream die, my man. I'm in on the other three, though.
JimmySpaetzle
Registered User
- May 16, 2014
- 1,289
- 1,313
I don’t even think I want him as the owner, he seems to make very rash decisions lol Melnyk-lite
IpsoPostFacto
No opinions, just reactions
- Dec 17, 2017
- 965
- 1,063
agree with all of that. I like you didn't include Shopify boy, which should be banned as a discussion point
. Something new since the original run at downtown. The city should be a lot more interested in partnering as they look at re-imagining downtown. that could be anything from actual money to property tax abatements etc.OT: I always wanted the team to take over a block in actual downtown - think Maple Leaf Gardens. That's more from personal taste I suppose, but near some current light rail station - hell, I've never used it, but maybe even tunnels from the station into a rink. Bars and restaurants would either already be there or pop up immediately. They could still build in condos if they want. Feds sound like they want to unload some office space.
That said, I'd roll out to the flats in any event.
Ryan Reynolds was on Fallon tonight. Confirmed he wants to buy the Senators! Obviously he admitted that he'd need big financial backers.
Whatever group buys the Sens would be stupid not to have Reynolds apart of it. The marketing and exposure alone that he would bring would be incredible.
Whatever group buys the Sens would be stupid not to have Reynolds apart of it. The marketing and exposure alone that he would bring would be incredible.
- Status
