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

[Nova Stutzlia]

"Senators for sale" is for sale.

 

[Sun God Nika]

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

 

[Mingus Dew]

Not sure how all of this media attention and celebrity interest can be anything other than good for the team. Sens are like the center of the sports universe right now it’s amazing.

 

[JungleBeat]

The Weeknd?! Forget Snoop and Reynolds. That’s the guy you want.

 

[IpsoPostFacto]

ok, that does it. I'm holding back on supporting any bid until I hear who has signed Canada's Songbird and Elvis' favourite female singer.

 

[Tuna99]

Hearing Tito Jackson is looking to buy the franchise to help get commercials for Connor Mcdavid

 

[Gil Gunderson]

Bro sell the team already.

 

[Ice-Tray]

I’ve lost the plot…… See you all in here in two weeks!

 

[Adele Dazeem]

Bro sell the team already.

There are 2-3 legitimate groups willing to buy the team; and no, the Sparks bid isn't one of them.
This has caused a stall in the sale.

 

[PlayItAgain]

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

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,

 

[Ice-Tray]

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

 

[Silky Johnson]

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%

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

Would they even survive a cash call?

 

[Cosmix]

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

You have an "addiction"!

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

Would they even survive a cash call?

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.

 

[Sens of Anarchy]

Carrie Underwood and Mike Fisher let's go.

 

[Mingus Dew]

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

Would they even survive a cash call?

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.

 

[Tnuoc Alucard]

My Choice…. If we had a choice

 

[Ouroboros]

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.

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.

 

[Speatleysson]

The Weeknd?! Forget Snoop and Reynolds. That’s the guy you want.

Why?? He's a Toronto boy. Does he even own any other businesses?

 

[Tuna99]

Hearing Jean Claude Van Dam and Danny Devito showing interest in buying the Sens

 

[BonHoonLayneCornell]

My Choice…. If we had a choice

Ya the Weeknd does nothing for me personally. Different strokes, but not my cup of tea.

Might as well give it to these guys if Kid Rock is on the table though...

 

[Gil Gunderson]

My Choice…. If we had a choice

Thank God for the “if”.

 

[Cosmix]

Why?? He's a Toronto boy. Does he even own any other businesses?

OK then Bryan Adam!

 

[Cosmix]

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.

Bruce McNall was another :

Bruce McNall - Wikipedia

en.wikipedia.org

 

[Samboni]

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.

 

[Sens of Anarchy]