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

[Samsquanch]

Interesting story. Still, the deal fell apart because the fraudster didn't have the funds.

The deal did not fall through though... Spano was sold the team. He was the owner. He even fired Mike Milbury from being the coach while he was in charge

Yeah, eventually everyone figured it out that this guy had no money and was a fraud, and he lost the team. But make no mistake, this was a done deal. And at least for a short period of time, the NYI were his team.

 

[Gil Gunderson]

The funny thing is that Spano probably saved the Islanders by negotiating a lucrative TV deal right before he was caught.

 

[MMC]

How many of the initial 9 that submitted bids in the opening round are known? Off the top of my head I can only think of 4: Remington, Sparks, Vivek, and Andlauer

 

[Golden_Jet]

The deal did not fall through though... Spano was sold the team. He was the owner. He even fired Mike Milbury from being the coach while he was in charge

Yeah, eventually everyone figured it out that this guy had no money and was a fraud, and he lost the team. But make no mistake, this was a done deal. And at least for a short period of time, the NYI were his team.

He “owned” the team for four months, but when a 5 million dollar payment was due, and couldn’t pay, the deal fell apart. Never really owned it, committed to owning it.

How many of the initial 9 that submitted bids in the opening round are known? Off the top of my head I can only think of 3: Remington, Sparks, and Andlauer

Kimel group
Graham Roustan from Hockey News

Off the top of my head can’t think of the other 2 left.

 

[starling]

How many of the initial 9 that submitted bids in the opening round are known? Off the top of my head I can only think of 3: Remington, Sparks, and Andlauer

I'd doubt there were 9 to begin with. There is probably one serious in Remington, a couple semi-serious in Andlauer and the Hockey News guy, and one borderline fraudulent in Sparks.

 

[MMC]

He “owned” the team for four months, but when a 5 million dollar payment was due, and couldn’t pay, the deal fell apart. Never really owned it, committed to owning it.


Kimel group
Graham Roustan from Hockey News

Off the top of my head can’t think of the other 2 left.

Thank you, seen a lot of praise for Reynolds of course but do you guys have a preference among the other options in the running?

 

[Senator Stanley]

"Entertainment mogul Neko Sparks"

This is laughable reporting. The guy has already won.

 

[MMC]

How many of the initial 9 that submitted bids in the opening round are known? Off the top of my head I can only think of 4: Remington, Sparks, Vivek, and Andlauer

*forgot Vivek was also reported in the running, edited

 

[Ice-Tray]

Sure if you want to put the equivalance of a guy who’s serving Macdonald French furies and telling a white lie next to a community entity like the Senators that has the cities name on it as a representation of the community and you have an owner outright suing, lying, manipulating, threatening people then sure - we are all the same.

But that’s not real life. Nobody cares if the guy serving you beer at the Sens game is a liar, they go care if the owner or the Captain of the NHL team is a liar

And for you to hint that Integrity has nothing to do with business makes me believe you don’t understand why the stadium had 8000 fans in it for 5 years

Simply put, most people aren’t as endlessly vengeful as you seem to be. Especially towards a stranger who never knew you existed. It displays quite the level of hateful dedication without any personal connections.

The fact that you can’t seem to understand why Gary would choose to basically eulogized EM in a positive way as he, the team, and the league move on to a brighter future is puzzling. It’s what everyone does at a funeral to draw parallel.

Suffice it to say that while it’s doubtful Gary liked the ownership tenure of Eugene, he clearly doesn’t hate the man to the same degree that you appear to, and seems more interested in moving on.

 

[Relapsing]

Sure if you want to put the equivalance of a guy who’s serving Macdonald French furies and telling a white lie next to a community entity like the Senators that has the cities name on it as a representation of the community and you have an owner outright suing, lying, manipulating, threatening people then sure - we are all the same.

But that’s not real life. Nobody cares if the guy serving you beer at the Sens game is a liar, they go care if the owner or the Captain of the NHL team is a liar

And for you to hint that Integrity has nothing to do with business makes me believe you don’t understand why the stadium had 8000 fans in it for 5 years

Tell me you're too emotionally invested without saying you are...

It's pretty telling you think the Sens are a "community entity". They're a private sports team buddy. Not only thing more, nothing less. Your emotional ties to the team are irrelevant to what Bettman says or does.

 

[Emerica]

*forgot Vivek was also reported in the running, edited

Rocco Tullio has a bid and also Steve Apostolopolous i believe

 

[senswon]

Dont forget there was an unamed First Nations group as well that has a claim to the land at lebreton.....supposedly RR bid met with them

 

[Golden_Jet]

Dont forget there was an unamed First Nations group as well that has a claim to the land at lebreton.....supposedly RR bid met with them

Ya Ian said yesterday on 1200 that’s complicated, there are 9 groups he said involved, and Ian met with one chief of the 9 for an hour.
Ian described a bit how the legal part of the claim was going.

 

[Loach]

Ya Ian said yesterday on 1200 that’s complicated, there are 9 groups he said involved, and Ian met with one chief of the 9 for an hour.
Ian described a bit how the legal part of the claim was going.

I think they are different than the group with the hockey news guy. One is the algonquin nation, the othe is the algonquins of ontario...I think. Two different things. Somebody here had links for it.

 

[DaveMatthew]

Bill Simmons had Matt Ishbia on his podcast today, the new owner of the Phoenix Suns. Great interview and he went into some detail about how the process of buying a pro sports franchise works.

Mentioned how you don't just submit a bid when a team goes up for sale and hope to have the highest number. If that's what you're doing, you're unlikely to be successful. Said he spent years fostering relationships with Adam Silver, other owners, league executives and even notable players. Getting to know them and making sure they knew him. So that when an opportunity did arise, he was ready and had support.

I'd imagine it's similar in the NHL. Lends credence to the rumor that Bettman is really trying to merge the Remington and Andlauer bids. Andlauer is someone the league knows very well and I'd imagine has a preference for.

The ideal group really is:

• Andlauer: Chairman, oversees the day-to-day and league affairs
• Reynolds: Focuses on building the brand and storytelling
• Remington Group: Builds the arena and re-develops CTC site
• Jeff York + local investors: Contribute $100-150M so the league can hit their $1B number

 

[Golden_Jet]

Bill Simmons had Matt Ishbia on his podcast today, the new owner of the Phoenix Suns. Great interview and he went into some detail about how the process of buying a pro sports franchise works.

Mentioned how you don't just submit a bid when a team goes up for sale and hope to have the highest number. If that's what you're doing, you're unlikely to be successful. Said he spent years fostering relationships with Adam Silver, other owners, league executives and even notable players. Getting to know them and making sure they knew him. So that when an opportunity did arise, he was ready and had support.

I'd imagine it's similar in the NHL. Lends credence to the rumor that Bettman is really trying to merge the Remington and Andlauer bids. Andlauer is someone the league knows very well and I'd imagine has a preference for.

The ideal group really is:

• Andlauer: Chairman, oversees the day-to-day and league affairs
• Reynolds: Focuses on building the brand and storytelling
• Remington Group: Builds the arena and re-develops CTC site
• Jeff York + local investors: Contribute $100-150M so the league can hit their $1B number

I like that, only concern for me is how much voice the 20 partners with York would want, when 20 people would own only 10%

 

[Nac Mac Feegle]

We also have to remember...having a group with a nice net worth doesn't mean squat if they aren't putting money into the team. There seems to be a lot of numbers floating around and talk, but it's the planning and investment beyond getting your hands on the deed that matters.

Sparks has buzzwords but no plan. Reynolds has what sounds like a good plan but still vague on where the new arena will be and the businesses surrounding it. The other groups, as far as I know, haven't said anything publicly to make an assessment.

It really feels like things have gotten a lot murkier the further we've gone into this process. I don't like it.

 

[Ice-Tray]

We also have to remember...having a group with a nice net worth doesn't mean squat if they aren't putting money into the team. There seems to be a lot of numbers floating around and talk, but it's the planning and investment beyond getting your hands on the deed that matters.

Sparks has buzzwords but no plan. Reynolds has what sounds like a good plan but still vague on where the new arena will be and the businesses surrounding it. The other groups, as far as I know, haven't said anything publicly to make an assessment.

It really feels like things have gotten a lot murkier the further we've gone into this process. I don't like it.

In my opinion we won’t hear arena deal plans because the situation is still under negotiations.

The best we can expect is what Reynolds has laid out as a general vision for team and community growth.

Agree on Sparks. As for Snoop, was a big fan of his first album as a kid and have a soft spot, but as an owner of the team in Ottawa he simply isn’t the guy. He self brands everything, and is all about working with underprivileged kids in LA.

Not really a bonus add for Ottawa, but did gain points as a nostalgia add which does seem to be all the rage these days.

 

[Tnuoc Alucard]

So why are you even question the Sparks bid if you are all colour blind and just about the nature of his character - why even bring it up? Why does the colou of his skin matter if you’re all about what’s on the inside.

Because this is how racism works

If you go back, and re read my post, I was not the one bringing up skin pigmentation…. I replied to another poster who did.

 

[Tnuoc Alucard]

I just think they will. “Being a good competent owner” is very likely part of the interview process at this stage. Don’t know why you’d think otherwise. Unless some psycho bids an insane amount.

In the end, and after all the Vetting has been done, by both the company hired by the current ownership to manage the sale, and the NHL BOG… there will be a new ownership group at some point, and as fans, none of us have any thing to do with which group ends up with the franchise.

Yes, we may all have a preference, based on different things for different people…. But I may be assuming here, but I think the basic common denominator would be, an ownership group with as close to “local ties” would be preferable … but, at the end of the day, a foreign ownership group, that satisfies all the criteria that the Current ownership and the NHL have as conditions, could become the new Owners.

 

[Mingus Dew]

The deal did not fall through though... Spano was sold the team. He was the owner. He even fired Mike Milbury from being the coach while he was in charge

Yeah, eventually everyone figured it out that this guy had no money and was a fraud, and he lost the team. But make no mistake, this was a done deal. And at least for a short period of time, the NYI were his team.

Yeah it's a crazy story because (according to the wiki) the previous owner basically signed the papers and transferred ownership based on a pinky swear that he'd get paid.

The 80s/90s were just bonkers. Cowboy shit man. M&A deals now have super complicated funds flows and closing statements such that nothing can be final until every last cent ends up in the right place.

But again, fraud like this almost always comes to light when you're talking about something as public as professional sports.

In the end, and after all the Vetting has been done, by both the company hired by the current ownership to manage the sale, and the NHL BOG… there will be a new ownership group at some point, and as fans, none of us have any thing to do with which group ends up with the franchise.

Yes, we may all have a preference, based on different things for different people…. But I may be assuming here, but I think the basic common denominator would be, an ownership group with as close to “local ties” would be preferable … but, at the end of the day, a foreign ownership group, that satisfies all the criteria that the Current ownership and the NHL have as conditions, could become the new Owners.

Local ties are awesome of course but there are not that many uber wealthy individuals in Ottawa.

 

[Tnuoc Alucard]

Local ties are awesome of course but there are not that many uber wealthy individuals in Ottawa.

there have been talk, of local people being involved, in a minority position, with more than one of the larger ownership bidding groups.

then there are Ontario based, Quebec based, Canadian based people involved with a number of bids….

much more “local” than any bids coming south of the border.

 

[Samboni]

Snoop Dog says that his involvement is for real.
Snoop Dogg's interest in buying Senators 'ain't no joke'

 

[BonHoonLayneCornell]

Snoop Dog says that his involvement is for real.
Snoop Dogg's interest in buying Senators 'ain't no joke'

Interesting that he acknowledges the idea that it isn't genuine and claims Ottawa specifically left an impression on him.

"This ain't no joke or no gimmick. Or an image or likeness play. This is a real ownership play," he told The Athletic's Ian Mendes. "And Snoop will put his foot in the town."

But why the Senators? Why Ottawa?

"I love the city. Every time I've come through the city, they've rolled out the red carpet for me. The fans, the city. Everyone. It's been nothing but love," Snoop said. "When you go around the world as much as I have, there are certain places that stick out in your heart. Everywhere I go in Canada, it's always been love, but there's something about Ottawa. And the opportunity for the team to be bought? It's impeccable timing right now."

 

[JackieDaytona]

Interesting that he acknowledges the idea that it isn't genuine and claims Ottawa specifically left an impression on him.

"This ain't no joke or no gimmick. Or an image or likeness play. This is a real ownership play," he told The Athletic's Ian Mendes. "And Snoop will put his foot in the town."

But why the Senators? Why Ottawa?

"I love the city. Every time I've come through the city, they've rolled out the red carpet for me. The fans, the city. Everyone. It's been nothing but love," Snoop said. "When you go around the world as much as I have, there are certain places that stick out in your heart. Everywhere I go in Canada, it's always been love, but there's something about Ottawa. And the opportunity for the team to be bought? It's impeccable timing right now."

Ahh yes. "It's always been love, but there's something about..." *checks handwritten note on forearm* "...Ottowa."

but fr, love me some snoop and I don't doubt his good intentions, but this group gives me will smith eating spaghetti vibes. Uncanny valley stuff. it's close but off, and offputting.