Confirmed with Link: The Ottawa Senators Sale - PART 3

[Micklebot]

Ok, let's try to get back on track here, no teachers union talk or public vs private school discussion plz.

Click to read more...

 

[Senscore]

 

[Silencio]

The fact that it’s been so quiet over the past few days must mean a deal is finally at hand…..right?

 

[milkbag]

The fact that it’s been so quiet over the past few days must mean a deal is finally at hand…..right?

Should know by the end of the week

 

[Butchy Dakkar]

Should know by the end of the week

That’s a cynical laugh, that’s where I’m at

 

[Samboni]

Should know by the end of the week

Or next week… or the week after that lol.

 

[Tnuoc Alucard]

 

[Speatleysson]

Word is that the streets are SCREAMING right now. Expect big news this week or in the next year.

 

[Gil Gunderson]

The fact that it’s been so quiet over the past few days must mean a deal is finally at hand…..right?

4 bidders still right on the mix!

 

[Neil Patrick Harris]

Good thing we started a new topic so we can get back to the latest news.

 

[redbrick98]

The NHL obviously has its preference in the familiar faces in Andlauer or Kimels

Do we know Can the NHL force the Melnyks to sell to one of those even if the gap is a $65 million dollar difference from the top bid Apostolopoulos (assuming Apostolopoulos bid checks out) ??

And if your the other NHL Owners like Murray Edwards who hasn't been shy of his goal of increasing NHL team values:

Wouldn't you prefer Apostolopoulos bid as it rises NHL team values over having someone 'familiar ' to join the NHL country club ?

Let's hear everyone's thoughts

 

[Crosside]

GARRIOCH: The bidders for the Ottawa Senators hope to have an answer soon

Those involved in the sale of the Ottawa Senators remain hopeful they'll have an answer by the end of the week.

ottawasun.com

 

[Gil Gunderson]

GARRIOCH: The bidders for the Ottawa Senators hope to have an answer soon

Those involved in the sale of the Ottawa Senators remain hopeful they'll have an answer by the end of the week.

ottawasun.com

“Once they have given the green light to the deal, it would then be up to Bettman to give the full meeting of the board of governors an update on the sale in New York on June 22, but it’s doubtful it would receive full approval then.”

Jesus Christ….

 

[L'Aveuglette]

GARRIOCH: The bidders for the Ottawa Senators hope to have an answer soon

Those involved in the sale of the Ottawa Senators remain hopeful they'll have an answer by the end of the week.

ottawasun.com

Is he........is he parodying himself?

 

[Mark Stones Spleen]

Anyone else simply just not give a f*** anymore?

 

[IpsoPostFacto]

Anyone else simply just not give a f*** anymore?

I'm already on to who the next buyer after this one. I expect an announcement in 1025 weeks.

 

[Samboni]

GARRIOCH: The bidders for the Ottawa Senators hope to have an answer soon

Those involved in the sale of the Ottawa Senators remain hopeful they'll have an answer by the end of the week.

ottawasun.com

Basically no substance in the article… re-hash of stuff that has been re-hashed several times. “Hopeful” doesn’t mean imminent!

 

[JD1]

The NHL obviously has its preference in the familiar faces in Andlauer or Kimels

Do we know Can the NHL force the Melnyks to sell to one of those even if the gap is a $65 million dollar difference from the top bid Apostolopoulos (assuming Apostolopoulos bid checks out) ??

And if your the other NHL Owners like Murray Edwards who hasn't been shy of his goal of increasing NHL team values:

Wouldn't you prefer Apostolopoulos bid as it rises NHL team values over having someone 'familiar ' to join the NHL country club ?

Let's hear everyone's thoughts

Word has it that the Melnyk girls want to keep 10%. I can understand that but that comes with downstream possibilities that there are cash calls if the business is in operational trouble.

If I'm them, there's no way I choose what is reputed to be the least financially stable group amongst the 4 bids. So I think the Sparks group is out and IDGAF which of the other 3 gets it.

 

[Gil Gunderson]

I guess the most interesting thing about Brucie's latest article is that he says the Kimels revised their offer on the weekend. Maybe that thing about them getting more "upfront" funding is true.

 

[redbrick98]

Wondering if Apostolopoulos would up his offer so he would be the clear winner that they would have to pick him

Not letting NHL have its favorites

 

[Silencio]

Wondering if Apostolopoulos would up his offer so he would be the clear winner that they would have to pick him

Not letting NHL have its favorites

I kind of hope so. Andlauer acting like he should be the favourite and is entitled to the team because he attends Bettman's BBQs or whatever always rubbed me the wrong way.

 

[Cosmix]

I kind of hope so. Andlauer acting like he should be the favourite and is entitled to the team because he attends Bettman's BBQs or whatever always rubbed me the wrong way.

But that is the way that right wing laissez-faire conservative corporations work!

Word has it that the Melnyk girls want to keep 10%. I can understand that but that comes with downstream possibilities that there are cash calls if the business is in operational trouble.

If I'm them, there's no way I choose what is reputed to be the least financially stable group amongst the 4 bids. So I think the Sparks group is out and IDGAF which of the other 3 gets it.

Retaining 10% is fine since they would have received about 90-100% of the bid price and therefore should have no concern about future cash calls.

 

[Sun God Nika]

Should be a clause in the agreement if the Melnyks don't make the cash calls that the majority owner can buy them out.

 

[redbrick98]

Should be a clause in the agreement if the Melnyks don't make the cash calls that the majority owner can buy them out.

Is that how it works normally?

They were saying because Andlauer and or Kimmels don't have the cash like Apostolopoulos... that they were trying to negotiate less cash but higher equity % for the Melnyks

So instead of 10% legacy piece

Melnyks would instead have 20% legacy piece ....

 

[Sun God Nika]

Is that how it works normally?

They were saying because Andlauer and or Kimmels don't have the cash like Apostolopoulos... that they were trying to negotiate less cash but higher equity % for the Melnyks

So instead of 10% legacy piece

Melnyks would instead have 20% legacy piece ....

Thats how it could work. Depends on what the Melnyks want. Hell they could even negotiate 10% equity while being immune to cash calls if the other side agrees to it. which wont happen.