ST. LOUIS, Mo. — The sale of the Ottawa Senators could heat up this week.
More than a dozen groups have signed non-disclosure agreements with the GSP and the NHL, but it doesn’t mean they’ll all get access.The NHL’s head office in New York and officials from GSP have completed the difficult vetting process for the potential buyers and are ready to show them the club’s financial picture.Article content
The expectation is Bettman will reach out to all interested parties and indicate what the expectation is for a sale price. That could be anywhere between $800 million-to-$1 billion.Advertisement 4“I don’t know how long the process will be,” the source said. “I don’t know who they’re going to let but they don’t need to be in there forever either.”
The new owners have been told they have to keep the team in Ottawa and the league will require them to get a lease agreement in place for LeBreton Flats. Bettman, Daly and the NHL want a downtown arena so the new owners will have to satisfy that commitment.Article content If Reynolds is part of any group, that will increase the value of the club’s brand, and on the ice, many of the pieces are in place to help the Senators compete. The plan is for Reynolds and Maximum Effort to start a series with the Senators that’s similar toHamilton billionaire Michael Andlauer, who owns 20 per cent of the Montreal Canadiens and is alternate governor for the club. He’ll get backing from Habs owner Geoff Molson with the NHL’s board.
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