Sale of the Sens - the renewal WC let us all down...

[Pierre from Orleans]

If true why would he hire a COO?

 

[Joeyjoejoe]

If true why would he hire a COO?

Maybe that COO was hired by the new ownership group?

 

[YouGotAStuGoing]

I disagree. There was a deadline on season ticket renewals (late April I think??) . That's why they invited all season ticket holders. Because thousands of people were threatening to cancel, so they did the town halls to prevent that from happening. They even had Chris Neil and Chris Phillips calling STH's to convince them not to cancel. I have no idea how well it all worked though.

But then again you're right in the sense that they could have just re-renewed after the sale.

Hope these rumours are true!

If this rumour turns out to be true, I’m re-upping the moment Melnyk is no longer in the picture. I’d even settle for minority stakeholder.

 

[Samboni]

If something sounds too good to be true, then it probably isn't.

A lot of grass is being thrown on this rumour fire that adds smoke but not a lot of heat. I would love a rich new ownership take over, but if this doesn't pan out, then this forum will be a pretty depressing place this summer (more so than usual). Please contain your enthusiasm until verifiable facts are known.

 

[TkachukNorris79]

If this rumour turns out to be true, I’m re-upping the moment Melnyk is no longer in the picture. I’d even settle for minority stakeholder.

I think this is the case for many.

If you look at our attendance from the past 15 or so years, the downfall really started in 2013. Alfie being virtually pushed out was probably a pretty big factor in that. And has been on the decline since. Now the same kinda thing with EK. Fans have had enough (obviously) of his BS. People will come back very quickly if this rumour is true.

I hate when people say that this isn't a hockey market. These are pretty solid attendance numbers. Especially for Kanata.

Ottawa Senators [NHL, 1992-2018] yearly attendance at hockeydb.com

 

[TheNewEra]

That would make the town halls extremely pointless

Would effect value and bargaining power for melnyk no?

For every sth melnyk brought back his bargaining position got stronger

 

[Flamingo]

If something sounds too good to be true, then it probably isn't.

A lot of grass is being thrown on this rumour fire that adds smoke but not a lot of heat. I would love a rich new ownership take over, but if this doesn't pan out, then this forum will be a pretty depressing place this summer (more so than usual). Please contain your enthusiasm until verifiable facts are known.

I'll let my enthusiasm inflate with the hot, grass-fire smoke plume, thank you very much.

 

[BonkTastic]

If true why would he hire a COO?

Well... I mean, it's not like the team doesn't need one.

 

[Samboni]

I'll let my enthusiasm inflate with the hot, grass-fire smoke plume, thank you very much.

I understand. The alternative to clinging on to this faint ray of hope is to realize that EM will continue to destroy the team and further alienate the fans for the unforeseeable future. Option #1 is definitely more appealing.

 

[Pierre from Orleans]

Well... I mean, it's not like the team doesn't need one.

Sure but if the rumors are true whats the point of hiring one? Let the new owners do it.

 

[BonkTastic]

Sure but if the rumors are true whats the point of hiring one? Let the new owners do it.

I absolutely agree with you, but this is the Ottawa Senators we're talking about here. We're not exactly known for making astute and well times decisions on things like this.

 

[Engineer]

That would make the town halls extremely pointless

The number of STH is added value in a sale price, you also always continue to run a business as though it will continue operating the same until the papers are signed.

 

[FolignoQuantumLeap]

If true why would he hire a COO?

Oh geez, maybe because they have some kind of scandal brewing with one of their managers that could date back decades and will need a PR wizard to smooth it over?

 

[HSF]

Oh geez, maybe because they have some kind of scandal brewing with one of their managers that could date back decades and will need a PR wizard to smooth it over?

he was hired before he was charged

 

[HSF]

there could be smoke to this selling thing but we have been hearing this kinda stuff all season and most of it so far hasnt been true.
it seems like something that big would have legit insiders reporting rumours about it

 

[FolignoQuantumLeap]

he was hired before he was charged

The incident took place on Wednesday and Ruzskowski was hired on Thursday. Lee was arrested Thursday night, just sayin' it was pretty interesting timing.

 

[The Lewler]

It's fun to read but people really need to keep their powder dry.

 

[Pierre from Orleans]

The incident took place on Wednesday and Ruzskowski was hired on Thursday. Lee was arrested Thursday night, just sayin' it was pretty interesting timing.

Okay so why would he need to hire a COO though? PR for what? Why not just suspend Lee indefinitely or release him? What does it matter to Melnyk IF he's selling anyways?

 

[Mingus Dew]

Okay so why would he need to hire a COO though? PR for what? Why not just suspend Lee indefinitely or release him? What does it matter to Melnyk IF he's selling anyways?

Deal may not be finalized yet.

Or the buyer is pushing to protect the value of the asset.

Who knows.

 

[BonkTastic]

Okay so why would he need to hire a COO though? PR for what? Why not just suspend Lee indefinitely or release him? What does it matter to Melnyk IF he's selling anyways?

Hypothetically, it's possible that the new COO was hand picked by new owners who want to get a head start on things, and Melnyk is essentially just rubber-stamping the contract.

 

[Sens of Anarchy]

Okay so why would he need to hire a COO though? PR for what? Why not just suspend Lee indefinitely or release him? What does it matter to Melnyk IF he's selling anyways?

You ever wonder why?

 

[BonkTastic]

I wonder if this is an elaborate smoke-screen fabricated so that we forget about the impending Karlsson contract/trade fiasco...

 

[thinkwild]

A Karlsson distraction, heh, could they be that machiavellian? Perhaps.

I suppose it has been conventional wisdom for a while ( Melnyks claims that he wishes to pass on the money losing franchise to his daughters notwithstanding) that Melnyk has been awaiting the right time to max out and sell. His continued ownership is sending values down, so perhaps this is a wise moment. Which can also help make rumours more believable. So we dare to hope.

We do have a real issue though that until this team has at least 13,000 seasons tickets sold, we are going be a revenue challenged team that accumulates debt.

New billionaire owners may make marketing investments for increasing value as Melnyk did at first with the Eagles concert and the spending basically over the cap for many years, but in the end, all of them will surely want any team debt to be the responsibility of team revenues and will surely further leverage the team for their benefit. Regardless how rich they are, its not likely they are going to be stroking cheques every year to cover losses unless that is a good business decision. The Sens franchise will live and die with its revenues. Lets hope the growth the city is undergoing and some wise new ownership helps achieve that over the medium term.

 

[Sensung]

A Karlsson distraction, heh, could they be that machiavellian? Perhaps.

I suppose it has been conventional wisdom for a while ( Melnyks claims that he wishes to pass on the money losing franchise to his daughters notwithstanding) that Melnyk has been awaiting the right time to max out and sell. His continued ownership is sending values down, so perhaps this is a wise moment. Which can also help make rumours more believable. So we dare to hope.

We do have a real issue though that until this team has at least 13,000 seasons tickets sold, we are going be a revenue challenged team that accumulates debt.

New billionaire owners may make marketing investments for increasing value as Melnyk did at first with the Eagles concert and the spending basically over the cap for many years, but in the end, all of them will surely want any team debt to be the responsibility of team revenues and will surely further leverage the team for their benefit. Regardless how rich they are, its not likely they are going to be stroking cheques every year to cover losses unless that is a good business decision. The Sens franchise will live and die with its revenues. Lets hope the growth the city is undergoing and some wise new ownership helps achieve that over the medium term.

The new downtown stadium will certainly help.

 

[Fandlauer]

I will, honest to God, purchase seasons tickets within the week that Eugene Melnyk sells this team. I won't step in that stadium until he does. I'm sure there are many like me.