Speculation: Melnyk and speculating about the sale of the team

[SENATOR]

The last two years brought a lot of frustrations to all Sens fans around the world and in our beloved city. The Melnyk's road mapping, the grand plan, the schemes are now for everyone to see. Melnyk is keeping the team to the point, until receiving his portion of a payout for 20 million dollars of the NHL expansion dispersing fee in 2021. After this, 100% - there will be a sign "for sale" next to the Canadian Tire Center. For exactly this next step, he has to keep his payroll as low as possible. Preferably, he has to have only draft picks with no money attached to them and unsigned young stars to maximize the team's sale value and to pocket the profit as much as possible. Because he borrowed against the team - line of credit as a lien on a final sale is 250 million already, what we know at least. This is exactly why Melnyk's lieutenant Dorion in this scheme "la cloche à plongeurs" and is drafting off board or college players, or players committed to play in different league, or even players committed to go through military service as Lassi Thomson ( WTF???) and Pinto who is a galaxy far far away from NHL. It all points to the team sale, nothing else. They are drafting for sale, they are trading for sale, they are doing everything for sale.

Click to read more...

 

[orkid]

I don't buy the argument that he's waiting for the expansion fees to sell. Any prospective buyer will build that into the offer -- 20 million is chump change when you're making an offer to buy a franchise for over 600 million.

 

[Laphroaig]

I hope you're right. This team will never contend as long as Melnyk is the owner.

 

[Qward]

I don't buy the argument that he's waiting for the expansion fees to sell. Any prospective buyer will build that into the offer -- 20 million is chump change when you're making an offer to buy a franchise for over 600 million.

It matters if it was listed in his divorce settlement that hs ex wife would receive a portion of the sale of the team.
$20M in his pocket now is better than $10 in his pocket after the sale of the team.

 

[Crosside]

The team is gonna be sale before the 12 September book it

 

[FormentonTheFuture]

I do think you're right that he will be selling in the next few years (based on no inside info, just my guess), but drafting Thomson would have nothing to do with that. The Finnish military thing is very easy to complete and would not delay any player's development or path to the NHL

 

[BonkTastic]

Oh my, I do believe that the title of this thread gave me an unreasonable and quite frankly innapropriately timed case of severe arousal.

Imma need to go see a doctor if this condition persists for more than four hours.

 

[GrantLemons]

Oh my, I do believe that the title of this thread gave me an unreasonable and quite frankly innapropriately timed case of severe arousal.

Imma need to go see a doctor if this condition persists for more than four hours.

Don't worry, there's no "a friend of a friend of a friend of mine" story in this one. Should subside shortly.

 

[Micklebot]

Title has been edited so as not to get bonk too excited

 

[2CHAINZ]

Oh my, I do believe that the title of this thread gave me an unreasonable and quite frankly innapropriately timed case of severe arousal.

Imma need to go see a doctor if this condition persists for more than four hours.

 

[BonHoonLayneCornell]

If it ever does happen, it willl be the greatest day in Senators history.

I'd have a drink and vape a bowl to that!

 

[Gil Gunderson]

The team is gonna be sale before the 12 September book it

Can't happen without a BoG meeting.

 

[The Lewler]

It matters if it was listed in his divorce settlement that hs ex wife would receive a portion of the sale of the team.
$20M in his pocket now is better than $10 in his pocket after the sale of the team.

This.

The persistent narrative that keeps seeping is two fold:

-Divorce settlement is tied to team.
-Debt

Those are the two curveballs in the asking/sale price for the team.

 

[Joeyjoejoe]

I could buy the theory that it's the NHL that's declining the sale as they want it to be higher than the expansion fee that Seattle paid.

But then again they just approved the sale of the Hurricanes and Coyotes and both of those were less than the Vegas fee.

 

[Senscore]

I have a bad feeling that he's hanging onto it just so he has the sort of outlet to harass and belittle people that have to kiss his ass.

 

[armani]

Oh my, I do believe that the title of this thread gave me an unreasonable and quite frankly innapropriately timed case of severe arousal.

Imma need to go see a doctor if this condition persists for more than four hours.

Stop Bonking yourself Bonkie!

As for a change in ownership - we will see where we land this time next year I guess. As a long time fan, I will be performing my due diligence in not supporting a Melnyk owned product (although had to reluctantly buy tickets to the Shawn Mendes concert for my family but won't be attending myself cuz who on earth is Shawn Mendes?).

 

[StoicSensFan]

It matters if it was listed in his divorce settlement that hs ex wife would receive a portion of the sale of the team.
$20M in his pocket now is better than $10 in his pocket after the sale of the team.

Divorces are insane these days.

 

[PoutineSp00nZ]

If you dont get married, you can't get divorced!

 

[Caeldan]

If you dont get married, you can't get divorced!

That's not technically true, just need to live with someone long enough for common law rules to apply!

 

[BankStreetParade]

If Melnyk has a lien for that much debt, why would he see a single nickel of the Seattle expansion fee payment?

 

[NorthCoast]

Uhg....heart says yes. Head says no.



I don't think the 20m is all that important unless it is somehow outside of the divorce settlement since the money goes into team finances, not Melnyk. If an owner, Melnyk or any other NHL owner, wishes to then take it out of team finances into their own pocket it is no different then taking money out normally.

All that is special about the 20m is that it is not HRR. Therefore none of it goes to the players, or in other words, the additional 600 mil to team won't make the cap go up/player share go up. It's just a non-HRR revenue source to the team org.


I do agree that the recent moves do make the team more attractive in theory...BUT, at what opportunity cost. ie: while you take a couple years to clean up the books and increase the sale price, what are you losing out on that you could have had if you just sold right now. Because interest is still racking up on the debt, ticket revenues are still going down, and you no longer have a front-runner spot for lebreton, etc. etc. PLUS, you lose out on whatever the money in hand from a sale would earn (min. 7-8% in the markets) you while you try to squeeze out a better offer.

Unless there is a term limit on property settlement for the divorce, or his ex has sued to push things along, then IMO Melnyk doesn't like the price and is foolish enough to believe he can rebuild the team performance/revenues at a greater pace than the team is racking up debt.

Of course I would love to be wrong.

 

[NorthCoast]

That's not technically true, just need to live with someone long enough for common law rules to apply!

Yes/No. In common law their is a larger burden of proof to justify that you contributed to the spouses earnings I believe. Which sounds totally outdated to me, but I just caught something along those lines while reading up for my previous post.

 

[Peptic Balcers]

It’s a lot easier once you accept that he’s not selling and we’re in the darkest timeline

 

[Beville]

Oh my, I do believe that the title of this thread gave me an unreasonable and quite frankly innapropriately timed case of severe arousal.

Imma need to go see a doctor if this condition persists for more than four hours.

Yeah I felt the same

One day eh...

 

[Spartachat]

His wife should have demanded shares in the team instead.