The Ottawa Senators have had an interesting few months since being put up for sale. First, there were the rumours that actor Ryan Reynolds was interested (and the NHL is too), and now, a New York-based banker named Galatioto Sports Partners is opening the team’s finances to more potential buyers in an effort to get a deal finalized quicker.
NHL Rumours: Senators Take Step Closer To Sale
The sale of the Ottawa Senators is poised to take another step forward as early as this week, as New York-based banker Galatioto Sports Partners are expected to open the due-diligence website of the team’s finances (via @SunGarrioch): https://t.co/cKjgczrvOf pic.twitter.com/ujqyxVVefF
— TSN Hockey (@TSNHockey) January 16, 2023
Ever since the sale process started in early November, the Senators have heard from dozens of potential buyers hoping to put in a successful bid for the nearly three-decade-old franchise, which will be sold for only the second time in its history.
Galatioto Sports Partners have been helping the Melnyk family sort through the team’s finances while communicating with potential buyers and the NHL.
According to TSN and Postmedia’s Bruce Garrioch, GSP and the NHL have heard from more than 20 potential bidders, including Hamilton-based billionaire Michael Andlauer, and Canadian actor Ryan Reynolds, who received some newfound fame and admiration from the hockey community for his interest.
Apparently, the Senators are not allowed to be relocated from Ottawa, which goes along with the NHL’s efforts to keep teams in their desired cities after losing the Atlanta Thrashers in 2011 to relocation.
What This Means
This is a massive step forward in the sale of the club. Almost a dozen buyers have been allowed to view the team’s finances, and this site will hopefully help speed up the process.
The NHL also wants to incorporate Ryan Reynolds into the sale of the Senators, most likely as a minority owner if a billionaire like Andlauer wants to front the money necessary.
As of now, there is no word on other potential buyers, although there are most likely still calls coming in regarding the sale of the Senators.
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