The Senators have retained an outside firm to assess the valuation of the franchise and explore the possibility of the team being sold.
There is a possible scenario where they agree in principle to sell the team sooner than that — but by the time all of the paperwork is done, we’re probably looking at a spring or summer deal. There are some outstanding debts that need to be serviced, but the Melnyk estate should stand to make a tidy profit if they sell a majority stake in the franchise. [In its most recent NHL franchise valuations this week](https://www.sportico.com/valuations/teams/2022/nhl-valuations-2022-leafs-rangers-average-franchise-worth-1234693094/), Sportico listed the Senators with a value of $655 million U.S. The [Pittsburgh Penguins](https://theathletic.com/nhl/team/penguins/) sold for $900 million in 2021. The Jan. And that is certainly not the case in Ottawa. At this juncture, potential ownership groups want to stay in the shadows as much as possible. Both sources indicated that potential buyers are extremely interested in the prospect of a downtown arena at LeBreton Flats. Multiple sources said a more formal, public announcement that the Senators are officially for sale should come this month. professional sports leagues as Financial Advisor, Arranger and Agent.” The Ottawa Senators are listed as one of their key clients. All three confirmed that an outside firm has been retained to assess the valuation of the And they’ve discreetly let some potential buyers know their home will be hitting the market soon.
NHL franchise the Ottawa Senators have hired financial services firm Galatioto Sports Partners to help find a buyer.
Last year saw Fenway Sports Group (FSG) acquire the Pittsburgh Penguins in a deal that valued the team at a record US$900 million. Should the Senators fetch that price, it would be one of the highest fees ever paid for an NHL franchise. Their current Canadian Tire Centre home is about 16 miles away from the city centre. The Senators are currently owned by the family of late owner Eugene Melnyk, who passed away in March. Bruce Firestone, the team’s founder, also told [CBC](https://www.cbc.ca/news/canada/ottawa/ottawa-senators-for-sale-soon-report-says-1.6636780) he had “spoken with a few who may participate”, though did not provide any further details. They also had the biggest one-year value change of any NHL team, increasing their value by 21 per cent year-over-year.
The National Hockey League (NHL) has tiptoed around this inevitability since Eugene Melnyk died last March — both out of sensitivity to his daughters and the ...
Ottawa also extended (or began conversations to extend) some employees — such as assistant coaches and American Hockey League (AHL) coaches — for security heading into the unknown. That’s a polite way of saying, “move along, nothing to see here,” but, underneath the surface, there is furious paddling. Selling the Senators now, or selling them when the downtown arena is finalized and lawsuits involving the estate are settled?
NHL trade rumors for November 1, 2022 feature Alex Formenton. Will the Ottawa Senators trade him or re-sign him?
This has been a real quiet stalemate between Formenton and the Ottawa Senators. [Darren Dreger](https://www.nhltraderumor.com/tag/darren-dreger/) was on [TSN’s Insider Trading](https://www.tsn.ca/nhl/insider-trading-sheldon-keefe-mitch-marner-ottawa-senators-toronto-maple-leafs-1.1871909) and reports not much is being done on the Alex Formenton contract front. [Ottawa Senators](https://www.nhltraderumor.com/tag/ottawa-senators/) forward Alex Formenton remains unsigned and it appears he is not close to signing with the Sens.
NHL Franchise valuations Sportico: NHL valuations for 2022. The average NHL franchise is $1.01 billion, up 9 percent from last year. Toronto Maple Leafs.
[Eric Macramalla](https://twitter.com/EricMacramalla/status/1587493724539736064): “As far as a sale price for the Ottawa Senators, that number is likely no lower than USD$700 million. The new owner will be paying 1 billion for the team, and another 750 million for a building. [TSN](https://www.tsn.ca/nhl/insider-trading-sheldon-keefe-mitch-marner-ottawa-senators-toronto-maple-leafs-1.1871909): Sportico is reporting that the Ottawa Senators are for sale. [Sportico](https://www.sportico.com/valuations/teams/2022/nhl-valuations-2022-leafs-rangers-average-franchise-worth-1234693094/): NHL valuations for 2022. It’s not a relocation type of situation and there’s going to be a big price tag there: some think it could be as much as $700 million dollars or more for the Ottawa Senators. There appears to be significant interest in team.
On Tuesday, Sportico stunned lots of people within the Ottawa market by reporting that the Senators have hired a firm with the intent of selling the NHL.
A practical timeline for a sale to be accomplished is believed to be within the six-to-nine month vary. [In its most recent NHL franchise valuations this week](https://www.sportico.com/valuations/teams/2022/nhl-valuations-2022-leafs-rangers-average-franchise-worth-1234693094/), Sportico listed the Senators with a price of $655 million U.S. Eugene Melnyk bought the Senators — and the membership’s house enviornment — for slightly below $130 million in 2003. The Jan. The [Pittsburgh Penguins](https://theathletic.com/nhl/team/penguins/) bought for $900 million in 2021. In the previous, Bettman has frowned upon potential house owners who begin leaking info and chatting with the media upfront of being formally vetted as an proprietor. Both sources indicated that potential patrons are extraordinarily within the prospect of a downtown enviornment at LeBreton Flats. And that’s definitely not the case in Ottawa. Multiple sources mentioned a extra formal, public announcement that the Senators are formally on the market ought to come this month. professional sports leagues as Financial Advisor, Arranger and Agent.” The Ottawa Senators are listed as considered one of their key shoppers. All three confirmed that an outdoor agency has been retained to evaluate the valuation of the And they’ve discreetly let some potential patrons know their house can be hitting the market quickly.
Fans of the Ottawa Senators were caught by surprise this week as reports have surfaced that the Senators have hired a bank in New York to facilitate a ...
Potential bidders are expected to send in their bids as we get towards the end of 2022. There is no indication as of now as to how much the Senators would sell for as of now. All the Unofficial reports confirmed that Galatioti Sports Partners has been hired to facilitate the sale of the Ottawa Senators. There should be no shortage of interest from investors who are keen on buying the Ottawa Senators. A three member board of directors currently runs the Ottawa Senators and it shouldn’t be difficult to get approval and facilitate a smooth sale.
Formenton is the lone remaining unsigned RFA in the league and TSN Hockey Insider Darren Dreger reports a future outside of Ottawa could be more likely than an ...
Two options here: you either sign Alex Formenton and keep him with the Ottawa Senators, or you trade him to get him back in the NHL. 1 deadline to sign restricted free agents and have them play this season, the Ottawa Senators remain in a standoff with Alex Formenton. "Well, they're not moving very far and this has been a real quiet stalemate between Formenton and the Ottawa Senators," Dreger said Tuesday on Insider Trading.
Every Ottawa Senators fan dream is coming true as the Melnyk family begins to sell the team. The sale comes at a turning point in future arena talks.
The Coyotes themselves have also been rumored to be for sale over the last season. The Senators also find themselves in a similar situation as the Arizona Coyotes. Ottawa was the team with the greatest increase in value (percentage-wise) among NHL team evaluations. That’s normally the first step in any franchise sale, meaning the Senators are almost ensuring will be changing hands. One of the things keeping these team values in flux is the league’s recovery from COVID. Yahoo Sports reports the franchise might be put up for sale.
Sportico: NHL valuations for 2022. The average NHL franchise is $1.01 billion, up 9 percent from last year. Toronto Maple Leafs – $2.12 billion ...
The new owner will be paying 1 billion for the team, and another 750 million for a building. There appears to be significant interest in team. [Eric Macramalla](https://twitter.com/EricMacramalla/status/1587493724539736064): “As far as a sale price for the Ottawa Senators, that number is likely no lower than USD$700 million. It’s not a relocation type of situation and there’s going to be a big price tag there: some think it could be as much as $700 million dollars or more for the Ottawa Senators. - Ottawa Senators – $655 million The average NHL franchise is $1.01 billion, up 9 percent from last year.
The Ottawa Senators have sent depth defenseman Dillon Heatherington back to the minor leagues, as they arrive back for a three-game homestand.
[Artem Zub](https://www.hockey-reference.com/players/z/zubar01.html?utm_campaign=Linker&utm_source=direct&utm_medium=linker-), who is out a few weeks with an upper-body injury, the Senators are struggling to find the right mix of playing time on defense. They aren’t going to win many games playing a man down, and could sure use Zub’s stabilizing presence as soon as possible. The move leaves them with six healthy defensemen on the roster.
OTTAWA - The Senators Community Foundation announced today that decorated philanthropist and Ottawa native Jacqueline Belsito has been named the ...
"Jacqueline's vision, along with her mix of experience, leadership and enthusiasm makes her a perfect fit to drive the foundation to become one of the most impactful philanthropic organizations in our region." In her most recent position as vice-president of philanthropy at the CHEO Foundation, Jacqueline has had tremendous success supporting the most vulnerable members of the local community, our children and youth. Relaunched in September, the Senators Community Foundation is committed to enriching the lives of youth, to help them achieve their physical, emotional and intellectual potential.
Keep updated on all the injury news and roster updates from around the NHL with daily Ice Chips. Ottawa Senators. The Senators have assigned defenceman ...
Faksa - Glendening - Kiviranta Benn - Johnston - Dellandrea Marchment - Seguin - Gurianov Robertson - Hintz - Pavelski Girgensons - Krebs - Asplund Peterka - Cozens - Tuch Quinn - Mittelstadt - Olofsson Huberdeau - Kadri - Mangiapane Aston-Reese - Kampft - Malgin Engvall - Holmberg - Jarnkrok Kerfoot - Tavares - Nylander Bunting - Matthews - Marner
Potential bidders have already thrown their name into the ring to purchase the Ottawa Senators.
As we’ve noted in this space, newly-elected Mayor Mark Sutclliffe can expect a call from Crowe and LeBlanc regarding the LeBreton bid. Anthony LeBlanc, the club’s president of business operations, and Erin Crowe, the chief financial officer, continue to handle those talks. The clock is ticking on the 15-month window to get a lease in place at LeBreton Flats. Bettman wants to keep this team in Ottawa, especially with the potential for a downtown arena on the horizon. You’re going to hear lots of speculation about potential local buyers in the coming months. This will be a massive transaction that may be anywhere between $700 million-to-$1 billion (all figures U.S.) once the deal is completed.
The Ottawa Senators and RFA Alex Formenton remain at a stalemate. The message was received by the Vancouver Canucks roster... for now.
And they were mad. They were really mad. And Jeff, one of the things that we wondered was, they had I think they told some agents. I think they told players directly. And I think that was true.
Keep updated on all the injury news and roster updates from around the NHL with daily Ice Chips. Boston Bruins. The Bruins have recalled goaltender Keith ...
Robertson - Hintz - Pavelski Girgensons - Krebs - Asplund Peterka - Cozens - Tuch Quinn - Mittelstadt - Olofsson Skinner - Thompson - Okposo Lewis - Ruzicka - Ritchie Dube - Backlund - Coleman Huberdeau - Kadri - Mangiapane Aston-Reese - Kampft - Malgin Engvall - Holmberg - Jarnkrok Kerfoot - Tavares - Nylander Bunting - Matthews - Marner
Once a deal to sell the Senators goes through, the vision of new ownership will kick in and we can't know exactly what direction that will take, ...
Keeping the Senators in Ottawa is clearly the preference of NHL commissioner Gary Bettman. By most accounts, the arena has been a boon to the downtown area and the arrangement ensures that the hockey club remains in the city for years to come. After all, the Senators and the Ottawa community went down this road before – the Senators’ RendezVous LeBreton pitch was named the preferred bid in 2016 only to have the development fall part in a lawsuit and countersuit between Melnyk and then business partner Trinity Developments. Sources suggest the sale could be done much more quickly, but new ownership will want to make sure everything is lined up to build a new arena on an identified 7.5-acre tract of land in LeBreton Flats, just west of Parliament Hill. That would take the two sides to the fall of 2023. As it turns out, the hockey team may not remain in the family for more than a year or so, although there exists the possibility the Melnyks could retain a minority interest.
Potential bidders have already thrown their name into the ring to purchase the Ottawa Senators.
The sense is Sutcliffe is at least willing to listen to any proposal. Anthony LeBlanc, the club’s president of business operations, and Erin Crowe, the chief financial officer, continue to handle those talks. The clock is ticking on a 15-month window to get a lease in place at LeBreton Flats. Bettman wants to keep this team in Ottawa, especially with the potential for a downtown arena on the horizon. There will be lots of speculation about potential local buyers in the coming months. Michael Kimel is the head of the Chase Hospitality Group.
As the Ottawa Senators begin the process of selling the team following the death of owner Eugene Melnyk, a Canadian Hollywood icon is reportedly showing ...
Sources suggest the sale could be done much more quickly, but new ownership will want to make sure everything is lined up to build a new arena on an identified 7.5-acre tract of land in LeBreton Flats, just west of Parliament Hill," Sportsnet's Wayne Scanlan reported Wednesday. Reynolds, from Vancouver, is one of the more successful actors currently working in Hollywood — headlined by his lead role in the Deadpool franchise. Sportsnet's Elliotte Friedman reported the team was set to be put up for sale soon and Galatioto Sports Partners has been retained to help with the process.
Owning a professional sports team is not uncharted territory for the actor, who along with Rob McElhenney purchased the Welsh football club Wrexham AFC in 2021.
That is, until Tuesday when a Twitter user mentioned to him that the team was up for sale and the Spirited star replied with the hand-on-the-chin interested emoji. A board of directors currently runs the franchise on the daughters' behalf. "My hope is that a local group will take over, and I've spoken with a few who may participate." GSP President Sal Galatioto declined to comment to PEOPLE concerning a possible sale. According to the outlet, the team hired Galatioto Sports Partners (GSP), a sports banking firm, which could be interpreted as a sign of a sale. The NHL did not immediately respond when reached for a statement while the team could not be reached for comment.
"Ryan Reynolds is very interested in buying the Ottawa Senators should the NHL team ultimately be sold," a source told the magazine.
If nothing else, you can add Reynolds name to the ever-growing list of people interested in owning the franchise. He did respond to a person on Twitter Tuesday who told him the Senators were for sale with an emoji that indicated he would give it some thought. Article content
"Ryan Reynolds is very interested in buying the Ottawa Senators should the NHL team ultimately be sold," a source told the magazine.
If nothing else, you can add Reynolds name to the ever-growing list of people interested in owning the franchise. He did respond to a person on Twitter Tuesday who told him the Senators were for sale with an emoji that indicated he would give it some thought. Article content
Owning a professional sports team is not uncharted territory for the actor, who along with Rob McElhenney purchased the Welsh football club Wrexham AFC in ...
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Canadian actor Ryan Reynolds, best known for his starring role in “Deadpool,” is “very interested” in buying the team with the intention of keeping it in Ottawa ...
According to reports, the team is in the early planning stages to [build a new arena on the LeBreton Flats](https://www.thestar.com/sports/leafs/opinion/2022/11/02/the-state-of-the-shanaplan-where-the-leafs-stand-on-kyle-dubas-sheldon-keefe-and-barry-trotz.html). [Eugene Melnyk](https://www.thestar.com/sports/hockey/2022/03/28/ottawa-senators-owner-eugene-melynk-dead-at-62.html) died earlier this year, his two adult daughters inherited the franchise. When a Twitter user mentioned to him that the team was for sale, he replied with the thinking emoji.
Exciting times are here for Ottawa Senators fans. Advertisement 2. Story continues below. This advertisement has not loaded yet, but your article continues ...
Smith has also been forced to juggle on the blueline due to the loss of defenceman Artem Zub. Norris, who could be out for entire season due to shoulder surgery, was the club’s match-up centre against top opposition lines. It’s an area of growing concern as the season progresses. They’re currently licking their wounds while on a three-game losing streak, including dropping both games in Florida. No small feat, that, given the snafu of on going breakdowns and the latest updates about more construction delays. Article content