'Very good outcome' for sale of Ottawa Senators expected in the next few weeks, NHL Commissioner says
CTV
NHL Commissioner Gary Bettman says the process to sell the Ottawa Senators is moving forward as "quickly as possible," and the New York-based company overseeing the sale is advising to "expect a very good outcome in the next few weeks."
NHL Commissioner Gary Bettman says the process to sell the Ottawa Senators is moving forward as "quickly as possible," and the New York-based company overseeing the sale is advising to "expect a very good outcome in the next few weeks."
Bettman provided an update on the sale of the Senators and Canadian Tire Centre during his media conference before Game 1 of the Stanley Cup in Las Vegas.
The Senators announced on November 4 that the club was up for sale. Final bids were due to New York-based Galatioto Sports Partners on May 15, and reports say four groups have submitted bids for the club.
"I don't know that anybody is out. I know that they're trying to move forward as quickly as possible to conclude the process," Bettman said Saturday evening.
"The bidding was robust, the interest was great and I'm being advised by GSP, Galatioto Sports Partners, that they expect a very good outcome in the next few weeks. So, we'll all have to sit back and see."
L.A. entrepreneur Neko Sparks has formed a group to submit a bid, with Snoop Dogg, Olympic gold medallist Donovan Bailey, comedian Russell Peters and several stars from the CBC show Dragons' Den.
Postmedia reported that three of the bids came from Toronto-area businessmen: Michael Andlauer, who owns a minority stake in the Montreal Canadiens; Jeffrey and Michael Kimel, who were formerly involved with the Pittsburgh Penguins and whose bid reportedly includes Canadian singer-songwriter The Weeknd; and Steve Apostolopoulos, who recently submitted an unsuccessful $6-billion bid to own the NFL's Washington Commanders.
