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

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!

HSP – May 29th 2023 – Canucks Cap Issues, CFL Pre-Season and Arturs Silovs is the man!!! – Hughes Sports Podcast- HSP

Introducing the Hughes Sports Podcast, your go-to source for insightful discussions and expert analysis on the hottest topics in the world of sports. Join your hosts, Jake and Kevin Hughes, as they delve deep into the captivating realm of sports.In our latest episode, we spotlight the Vancouver Canucks' cap issues, dissecting the complexities and implications of their financial challenges. Jake and Kevin meticulously analyze the team's salary cap situation, offering invaluable insights into the strategies the Canucks can employ to navigate this obstacle and achieve long-term success.But that's not all! We also dive into the exciting realm of Canadian Football League (CFL) pre-season action. With a keen eye for detail, Jake and Kevin break down the standout performances, highlight emerging talents, and provide a comprehensive overview of what to expect in the upcoming CFL season. Whether you're a die-hard CFL fan or a newcomer to the sport, this episode will keep you well-informed and ready for the gridiron action.And let's not forget our tribute to the incredible goaltending prowess of Arturs Silovs. Recognizing his exceptional skills and immense contributions to the sport, Jake and Kevin pay homage to Silovs' extraordinary talent and discuss how he has become a force to be reckoned with in hockey. From his remarkable saves to his unwavering determination, we delve into why Silovs is the man to watch out for.Tune in to the Hughes Sports Podcast for a captivating blend of SEO-focused copywriting expertise and in-depth sports analysis. Jake and Kevin Hughes bring their passion, knowledge, and wit to the forefront, delivering a podcast that will keep you entertained, informed, and craving more. Don't miss the latest episode—your ultimate sports fix awaits!

1. HSP – May 29th 2023 – Canucks Cap Issues, CFL Pre-Season and Arturs Silovs is the man!!! 59:11
2. HSP – May 22 2023 – Darren DuPont on the CFL, USports West plus so much more! 01:15:58
3. May 11th – Ryan Reynolds No Longer in the Sens Running, MORE SFU News, Alex Pietrangelo Slash reaction Plus JT Miller is a golfer? 01:05:24
4. May 4th – What a crazy week! So Much to talk about… 01:02:01
5. HSP – April 27th – More on SFU, CFL announces new USA Rights Deal and… 01:05:10