The Ottawa Senators confirmed today the club is for sale, and says the condition of any sale is that it remains in Ottawa.
The board of directors of Senators Sports and Entertainment announced that a process has been initiated for the sale of the Ottawa Senators Hockey Club.
Galatioto Sports Partners, a New York-based bank that provides advisory services to the sports industry, has been retained as its financial advisor.
Sheldon Plener, chairman and governor of the Ottawa Senators, said in a statement “a condition of any sale will be that the team remains in Ottawa.”
Melnyk’s daughters Anna and Olivia took over the Senators after their father passed away in March due to illness.
Sports business publication Sportico has valued the Senators at $655 million U.S., a 21 per cent jump in the past year, the largest in the NHL.
There is reportedly significant interest in the Senators.
Roger Greenberg, the executive chairman of Minto Group and the Ottawa Sports and Entertainment Group, has said his family would “likely participate” in new ownership if the team goes up for sale.
People magazine reported on Wednesday that Canadian actor Ryan Reynolds is “very interested” in buying the franchise.
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