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

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I love the sens and I really want Reynolds to own the team . But I am also a sellout here. I am huge weeknd fan and I want my boy Abel to own the hockey team that I cheer for what I life that would be . I am in tears right now
 
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Hearing Tito Jackson is looking to buy the franchise to help get commercials for Connor Mcdavid
 
ottawacitizen.com

The Weeknd's success has a strong Ottawa connection

Toronto musician Abel Tesfaye, better known as The Weeknd, capped off a blockbuster year on Monday by taking home his first two Grammy Awards, giving his Ottawa-bre…
ottawacitizen.com ottawacitizen.com

The Weeknd has legitimate ties to Ottawa and is from Toronto.

Sports franchises at the top levels are just going to keep growing in value. As an investment, I think celebrities of course would want to be onboard if they were approached. Nothing wrong with it,
 
I feel like we can just add token artists to the franchise after the team has been purchased. The Weekend and Snoop aren’t potential owners so to speak, but are promotional celebrities that could be given a tiny stake to spread the word, like Seattle did.

No matter what bid they are attached to at the moment, they can be circled back to after the purchase.

Damn, couldn’t stay away for one minute… lol
 
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Ice-Tray said:
I feel like we can just add token artists to the franchise after the team has been purchased. The Weekend and Snoop aren’t potential owners so to speak, but are promotional celebrities that could be given a tiny stake to spread the word, like Seattle did.

No matter what bid they are attached to at the moment, they can be circled back to after the purchase.

Damn, couldn’t stay away for one minute… lol
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You have an "addiction"!

Silky Johnson said:
They get 10% of the say. Which is to say none if there is a majority investor.

Would they even survive a cash call?
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The Winnipeg Jets had a group of people who were owers at one time. Over time some dropped out due to the cash calls until about one was left who could not afford to continue.
 
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Silky Johnson said:
They get 10% of the say. Which is to say none if there is a majority investor.

Would they even survive a cash call?
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Someone is gonna need to be designated as the GP and make 90% of the decisions. Not practical to have like 10 partners trying to decide something and dealing with dispute resolution every other week.

If they don’t make the cap call they probably have their equity shaved which is majorly punitive in a deal like this where you are banking on significant appreciation at exit.
 
Cosmix said:
The Winnipeg Jets had a group of people who were owers at one time. Over time some dropped out due to the cash calls until about one was left who could not afford to continue.
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Issues with capital calls are a big part of why the consortium that owned the Nashville Predators fell apart as well. Some owners had common shares which were subject to capital calls that they couldn't meet, while others had Series A units that were never subject to them. Those that couldn't come up with the cash money had their ownership stakes diluted and devalued.

The Boots Bel Biaggio fiasco was tied up in this as well. This dude cooked up bullshit brokerage documents to secure collateral that he used to buy a stake in the Predators.

I'm sure the league would prefer to avoid bids like the Sparks group which seems to consist of a dozen or more minority investors. It's just asking for trouble.
 
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Ouroboros said:
Issues with capital calls are a big part of why the consortium that owned the Nashville Predators fell apart as well. Some owners had common shares which were subject to capital calls that they couldn't meet, while others had Series A units that were never subject to them. Those that couldn't come up with the cash money had their ownership stakes diluted and devalued.

The Boots Bel Biaggio fiasco was tied up in this as well. This dude cooked up bullshit brokerage documents to secure collateral that he used to buy a stake in the Predators.

I'm sure the league would prefer to avoid bids like the Sparks group which seems to consist of a dozen or more minority investors. It's just asking for trouble.
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Bruce McNall was another :

en.wikipedia.org

Bruce McNall - Wikipedia

en.wikipedia.org en.wikipedia.org
 
My concern with these celebs joining the fray is that they can cash out anytime they want. Its true that anyone can bail, but it’s different when a celebrity is promoting his image in a bid.
 
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