Kinda what I said the other day. Reynolds ‘gets’ the team, they get the Lebreton real estate. Win-win from both perspectives.From Elliotte's 32 thought
The Remington Group, which got a commitment from Ryan Reynolds to join its ownership bid for the Ottawa Senators, has an interesting history with the NHL. In 2013, a plan of theirs to build a 20,000-seat arena in Markham, ON — in hopes of bringing a second team to Toronto — was crushed by city council after residents made it clear public funding for the project would not be well-received at election time. Then, Remington entered into serious discussions to purchase the Arizona Coyotes, but abruptly backed away when unhappy with the real estate potential.
So, immediately there are questions about its interest here — coveting the real estate much more than the team. That’s why it probably made Reynolds a pitch and purchase options other groups weren’t prepared to, knowing the power his public persona has over the process. Our family used to be in the construction business, and everyone knew Remington’s patriarch, Rudy Bratty, was not to be underestimated or trifled with. His children run it now, and they are still formidable. A lot of this comes down to how much everyone’s willing to bid, but one thing the NHL will want to know is: will this ownership be as passionate about the team as some of the other contenders?
I should think that we have this many bids not because all of a sudden everyone loves the Sens or owning a hockey team, it’s the land deal that has brought all this money to the table.
Finding a passionate owner of the hockey team in the mix is the tough bit for sure. It’s probably why Reynolds looks attractive as he’s one guy that wants the team, not the surrounding land.