Speculation: New Ownership in the works with John Ruddy ?

[ChelFan31]

Could be new ownership in the works with John Ruddy?

Don Brennan mentioned him deciding on who to hire as New CEO for the Sens in a article today.

Also Ken Warren has recently alluded to John Ruddy possibly having a role in selecting the next Sens President even tho currently Melnyk is the sole owner.

Discuss...

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[Pierre from Orleans]

How rich is he

 

[Deku]

When I read the name I thought of this guy

 

[DaveMatthew]

Ruddy is the founder of Trinity Development Group, majority shareholder of Ottawa Sports and Entertainment Group, and was the lead on the revitalization of Lansdowne.

I certainly hope he's involved since this franchise needs an adult in the room.

 

[Sun God Nika]

Im not getting my hopes up anymore.

 

[danielpalfredsson]

We know Anselmi was brought in to help oversee Lebreton.

Ruddy's involvement with this team has to do with the Lebreton development.

It may very well be the case where Ruddy is not comfortable maintaining his involvement without the right guy in place and given the situation, Ruddy would have the power to force Melnyk to allow him to make that call, because if Ruddy pulls out, Melnyk is screwed.

 

[Joeyjoejoe]

I will pray to God everyday if this happens

 

[BatherSeason]

This is something Don Brennan wrote, meaning probably something we shouldn't even read it.

 

[BonkTastic]

... yay?

If it weren't Brennan reporting this, I'd be far more optimistic about this news.

 

[DaveMatthew]

We know Anselmi was brought in to help oversee Lebreton.

Ruddy's involvement with this team has to do with the Lebreton development.

It may very well be the case where Ruddy is not comfortable maintaining his involvement without the right guy in place and given the situation, Ruddy would have the power to force Melnyk to allow him to make that call, because if Ruddy pulls out, Melnyk is screwed.

I think it's something along these lines. Ruddy doesn't want to partner with a sinking ship.

 

[Slippy]

I think it's something along these lines. Ruddy doesn't want to partner with a sinking ship.

Maybe he'll buy the ship and right it?

 

[Sensung]

Maybe he'll buy the ship and right it?

One can only dream.

 

[Xspyrit]

If Melnyk is "tired" to lose money, then why is he not selling the franchise? That's actually where he'd make money with the value of a NHL team today, compared to when he bought it for what, ~140 M$?

Why struggling every year just to "keep the boat afloat"?

This team needs an owner not afraid to lose a bit, to potentially gain more in the end.

Or maybe Melnyk is just waiting for that new arena.

Melnyk was probably 2 times richer when he bought the team, and now he is a lot more stressed with money

He did his part in the past to keep the team in Ottawa, but at some point you gotta pass the torch to somebody else.

 

[Flamingo]

Melnyk is determined to hold on as owner, there's no way he's selling.

 

[tony d]

It would be nice to see a co-owner to come in and shake things up for the team. Still think Melnyk's to proud to be a co-owner.

 

[bert]

Ruddy is the founder of Trinity Development Group, majority shareholder of Ottawa Sports and Entertainment Group, and was the lead on the revitalization of Lansdowne.

I certainly hope he's involved since this franchise needs an adult in the room.

He's been linked to the Desmarais family as a partner. It would be a dream ownership group if they collaborated. No one knows our market better than Ruddy and his partners while the Desmarais family has very deep pockets. Seems like a fairy tail compared to whats going on at the moment.

 

[JD1]

He's been linked to the Desmarais family as a partner. It would be a dream ownership group if they collaborated. No one knows our market better than Ruddy and his partners while the Desmarais family has very deep pockets. Seems like a fairy tail compared to whats going on at the moment.

Lebreton development is a big project and Ruddy has a major stake in it. Whoever comes in as CEO is going to have to work closely with Ruddy for at least 5 years. It's a rather intelligent call to have Ruddy participate in some capacity given the close relationship he will have with the incoming guy.

And it makes me wonder given the Anselmi situation was widely reported as a mutual decision if there might have been somewhat of a dick swinging contest. Anselmi was not part of the scene when that partnership was formed and with Ruddy helping out in selecting someone new it makes me think there might have been an issue there. entirely speculation on my part bit it kind of adds up.

 

[TheNewEra]

please delete this thread

i really cant handle having hope anymore

 

[Samboni]

Although the Sens and Lebreton are intricately linked, they are separate ventures. EM displays many signs of being a control freak, so I doubt he takes on a partner to run the Sens. If he takes on a partner/investor, it would be for less than 20%... big enough to bark, but not enough to bite!

 

[Tnuoc Alucard]

Could be new ownership in the works with John Ruddy?

Don Brennan mentioned him deciding on who to hire as New CEO for the Sens in a article today.



.

Source?

 

[Tnuoc Alucard]

Also Ken Warren has recently alluded to John Ruddy possibly having a role in selecting the next Sens President even tho currently Melnyk is the sole owner.

Source?

 

[Korpse]

Melnyk won’t sell unless he absolutely has to. The Senators are his prized position, he feels it gives him a certain status. Why do you think he always runs to Toronto radio.

 

[The Lewler]

Melnyk won’t sell unless he absolutely has to. The Senators are his prized position, he feels it gives him a certain status. Why do you think he always runs to Toronto radio.

Well if you really look at it , they are his only productive business at the moment.

As long as he owns them , he gets richer.

As soon as he sells , he's a very very wealthy man still , but he's not "the man" anywhere anymore.

 

[Ice-Tray]

I think we can all agree that owning the Sens would be pretty awesome!

 

[BonkTastic]

I think we can all agree that owning the Sens would be pretty awesome!

Owning the Sens is like owning a boat - you probably don't want to own one, but you really want a good friend who does so you can enjoy all of the cool benefits without paying the bill.