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Wednesday, June 12, 2024

NHL Rumors: Ryan Reynolds and the Remington Group’s Bid for the Ottawa Senators

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Sportsnet: Elliotte Friedman on 32 Ideas on Ryan Reynolds, the Remington Group and the Ottawa Senators.

** transcription

Ron MacLean: “So the query Elliotte is, what’s the NHL going to should pay Ryan (Reynolds) to take that the Ottawa Senators?”

(joking, panel laughing)

Friedman: “That’s proper, as an alternative of anyone paying $900 million, they’re going to should pay him.

However I believe the one factor that has actually grow to be clear Ron, is that I’ve been speaking to a number of the folks round that is that how do you not have him be within the group that’s going to win.

The one factor is that he’s with the Remington group and they’re a really aggressive bidder. It’s not like they’re a whole bunch of hundreds of thousands of {dollars} away from the place all of us suppose this quantity goes to finish up round. They’re very aggressive and so they’re very a lot in it.

However I believe a number of the different huge teams are form of taking a look at it and saying, ‘Boy, if we’re even near them, are we going to have the ability to beat them?’

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Him and the Remington had the most important group that confirmed as much as a recreation this week. That they had about 20 folks. And the opposite factor that apparently actually has folks is that Reynolds has given an thought of what his plan is, his advertising plan, it’s form of like Ottawa versus the world, and you already know that that’s going to work, proper?

So, I can see these different teams actually feeling that it’s going to be an enormous problem for them to beat them.

MacLean: “Nicely let’s simply go together with Remington, Elliotte. You’ve obtained a reasonably good deal with on that group. It’s an actual property play as a lot as it’s buying the Sens. After all, there’s a large debt, some estimate it may very well be a $450 million debt. That might be paid off with the acquisition value, however nonetheless, would Remington be the kind to balk at both that or balk on the land preparations for the property play?

  • Don Brennan: “Did folks actually not perceive that the #Senators have been very a lot in debt with the #NHL or are they only shocked at listening to on Hockey Evening in Canada that the outlet is $450 US million deep?”

Friedman: “Nicely I believe that quite a lot of these things this week, the (sabre??) rattling about land, I believe lots of people have a look at it as, like all the assorted parcels of land that would doubtlessly be a part of this, and I haven’t signed an NDA that enables me took precisely at what’s on the bid web site, however there are another items of land which have come up privately in all these negotiations.

Look, Remington, they’d an opportunity a number of years in the past to purchase the Arizona Coyotes. They walked away once they didn’t like the true property play. The truth that they’re on this, and really a lot on this, it says to people who they’re okay with the true property play.

** transcription



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