The Ottawa Senators are a hot commodity and the sale of the franchise is inching closer to the finish line.
Once that process is completed, the expectation is the sale will be turned over to the NHL to complete the agreement while more vetting takes place. As this newspaper reported first, the data room opened two weeks ago and it sounds like the homework has been completed by potential buyers.Article content
Sources say the Melnyk family hopes to have the sale of the franchise wrapped up by the spring. Olivia met with the staff and players following the club’s win over the Pittsburgh Penguins Jan. 18 at home to thank them for their efforts before she left to spend the Queen’s University school term in Australia.Article content
“I want to be very clear, whoever buys the club is doing so to keep it in Ottawa. I say that so there is no speculation on the point,” said Bettman. No, Bettman can’t force the new owner to sign a lease agreement with the National Capital Commission for a new arena at LeBreton Flats, but he has made it clear to any potential purchasers that the NHL wants the Senators to move downtown.
The amount of interest in the franchise and the chance to build a new arena will only drive up the sale price of the team. The Pittsburgh Penguins sold to Fenway Sports Group in November 2021 for nearly $900 million .Article content
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