As many as six groups have been invited to the next stage of bidding for Ottawa\u0027s National Hockey League franchise.
Crowe will likely talk about how the Senators have done financially in the past and where the organization is headed if it moves to a rink downtown, plus the costs associated with that project and the memorandum of understanding with the National Capital Commission.
Don’t read anything into the fact that the Kimels and their representatives will be receiving the first presentation. These aren’t being done in any particular order, but it’s interesting to note that the former part-owners of the NHL’s Pittsburgh Penguins may have brought a heavy hitter on board. This time Desmarais doesn’t want to do it on his own, and he has a good relationship with NHL commissioner Gary Bettman. The presence of Desmarais would help strengthen the Kimels’ bid for the team.
Once the meetings are completed, GSP will give the groups time to assess everything they’ve heard and make final bids. The sale price is expected to eclipse $900 million U.S. and could reach as high as $1 billion. This newspaper reported last month that York had held a call with more than 40 local business people seeking 20 investors to purchase shares at $5 million each, and it sounds like that is close to being fully funded.
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