The National Hockey League is trying to separate the contenders from the pretenders in lining up potential buyers for the Ottawa Senators.
If you’re concerned the process to open the due-diligence room to allow interested parties to take a look at the finances is taking longer than anticipated, sources say it’s because of the NHL’s vetting process.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The website will include delicate financial information and the NHL wants to make sure that’s protected by keeping as tight a lid as possible on the process. A league source said Monday the room will open “soon” but was unsure of the exact timing. The bottom-line: The NHL doesn’t want any tire-kickers at this stage. They were willing to entertain those types of calls when the club was put up for sale in early-November, but now push is about to come to shove.Article contentMake no mistake, GSP may have been hired by the Senators to handle the sale of the franchise, but in the end it will be the league’s head office that determines what the final price tag will be and the board of governors will have to approve the new owners.
Paul and Michael Paletta of Alinea Group Holdings have confirmed to this newspaper through a spokesperson they’re considering a bid; Neil Malhotra of Ottawa-based Claridge Homes has stepped up his efforts to make bid because of the opportunity for real estate development.
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