Sale of Ottawa Senators Nearing Completion: Potential Suitors Await Next Steps

CBS Sports

The Ottawa Senators have been up for sale since November 2022, and the process has been a lengthy one. However, according to recent reports, the sale of the franchise could be completed within the next month. Potential suitors have been waiting for the next steps in the process, and the final bids for the Senators could be due in mid-May.

If the sale goes through, it could be a new era for the Senators. The team has struggled in recent years and has not made the playoffs since 2017. Finding the right goaltender has been a crucial issue for the team, as well as winning on the road and quality shots. However, with new ownership and fresh perspectives, the Senators could potentially turn their fortunes around.

The National Capital Commission remains confident that the new owners of the Ottawa Senators will want to build a rink at LeBreton Flats. If all goes as planned, the Senators and the National Capital Commission will come to a lease agreement for the land, and the Senators will have a new home.

Even though Forbes valued the club to be worth $800 million last year, we have seen reports of over $900 million. NHL Commissioner did mention that, at one point, there were 15 different bids and that the Melnyk estate was going to go through and narrow it down. Below are two of the top ownership groups.

The most influential and media relevant ownership group is The Remington Group. The Remington Group is owned by Rudolph Bratty, chairman and CEO, and his brother Jerry Bratty, chief operating officer which has been developing land in Ontario for the past 65 years. The reason they are everyone’s first choice is this is the ownership group that Hollywood Superstar Ryan Reynolds has hitched his personality to.

Another potential buyer is the DeVos family, who previously owned the Orlando Magic of the National Basketball Association. The DeVos family has reportedly submitted a bid for the Senators, but it is unclear how much they are willing to pay for the team.

The sale of the Ottawa Senators could be completed within the next month. Potential suitors are waiting for the next steps in the process. If the sale goes through, the Senators could potentially turn their fortunes around with new ownership and fresh perspectives with a brand new home!

June 26 – Week 3 Breakdown, The Fallout of the games, Looking ahead to week 4 PLUS the HSP Week 3 Power Ranking Reveal Hughes Sports Podcast- HSP

Welcome to The HSP (Hughes Sports Podcast) – your ultimate source for all things sports! In this exciting episode, airing from June 19th to Week 3 of CFL (Canadian Football League) action, we dive deep into the thrilling world of sports!Join us as we dissect the latest CFL highlights, bringing you the most exciting moments from Week 3 of this action-packed football league. From jaw-dropping touchdowns to awe-inspiring interceptions, we've got you covered with expert analysis and comprehensive game breakdowns.Tune in to The HSP for an engaging and informative episode that caters to sports enthusiasts and fans alike. Our knowledgeable hosts and guests bring their expertise to the forefront, delivering engaging discussions, captivating interviews, and thought-provoking analyses.Don't miss out on the excitement! Subscribe to The HSP channel now and hit the notification bell to stay updated with the latest episodes. Whether you're a die-hard sports fan or enjoy keeping up with the hottest sports news, The HSP is your go-to destination for all things CFL and beyond. Get ready to be entertained, informed, and inspired by our passionate team of experts.
  1. June 26 – Week 3 Breakdown, The Fallout of the games, Looking ahead to week 4 PLUS the HSP Week 3 Power Ranking Reveal
  2. HSP -June 19 – Week 2 of the CFL, OEL Buyout and the Hughes Sports CFL Power Rankings
  3. HSP – June 12th – Breaking Down Week 1 of the CFL Season Plus a Rant about Leaving the Stadium Early.
  4. HSP – Jun 5th 2023 – Arland Bruce III on his career, legacy, and what is next
  5. HSP – May 29th 2023 – Canucks Cap Issues, CFL Pre-Season and Arturs Silovs is the man!!!

Jake Hughes

Hello there! I'm Jake Hughes, a passionate sports enthusiast based in vibrant Calgary, Alberta. Despite being in the heart of Flames territory, my loyalty lies with the Canucks, and you'll often find me proudly representing my team wherever I go. Professionally, I wear multiple hats in the sports world. As a co-host of the Hughes Sports Podcast, I dive deep into the world of sports, providing insightful analysis, engaging discussions, and interviews with prominent athletes and industry experts. I love exploring different aspects of sports and sharing my knowledge and opinions with our loyal listeners. In addition to podcasting, I'm also a proud contributor to HughesSports.ca a leading sports website. Through my articles, I offer a unique perspective on the latest happenings in the sports industry, with a particular focus on the Canucks. From game recaps and player profiles to trade rumors and playoff predictions, I strive to keep readers informed and entertained. Furthermore, I'm excited to announce my contributions to InsideTheRink.com, a premier hockey website known for its comprehensive coverage of the NHL. Through my articles on InsideTheRink.com, I delve into the intricacies of the game, provide in-depth analysis of teams and players, and share my insights on the evolving dynamics of the hockey landscape. It's a privilege to be a part of such a respected platform, and I look forward to connecting with more hockey fans through this exciting opportunity.

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