• Loading stock data...
Wednesday, October 8, 2025

Ottawa Senators Sale Hits Speed Bump

  • Galatioto Sports Partners reportedly won’t be ready to open the due diligence website for likely two more weeks.
  • The website is where potential buyers can look at the club’s financials.
Ottawa-Senators
Marc DesRosiers-USA TODAY Sports

It may be a while before the Ottawa Senators have a new owner.

Galatioto Sports Partners won’t be ready to open the due diligence website — where potential buyers can look at the club’s financials — for likely two more weeks, according to the Ottawa Sun.

The NHL was initially hoping to know the potential new owner by mid-January but reportedly wants to make sure everyone is vetted prior to the website’s launch. 

  • Potential bidders will have access to financials, including revenue from corporate deals and ticket sales.
  • They will be able to see the debt the current owner’s estate is holding against the club.
  • The team’s memorandum of understanding will also be available. 

Last month, NHL commissioner Gary Bettman said more than a dozen parties were interested in looking at the books.

Forbes valued the Senators at $800 million in December, a 52% year-over-year increase.

Sale Sign

The team’s late owner Eugene Melnyk purchased the team for $92 million in 2003 to save it from bankruptcy. He died in March, leaving the team to his daughters, Anna and Olivia, who are both younger than 25.

The team was put up for sale in November. 

The Ottawa Sun reported the new owner may not be known before March. It was reported in November that Ryan Reynolds is “very interested” in buying the team.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NHL Skates Into Season With Record Revenue, Rising Cap, and Labor Peace

The new season begins after a productive and historic summer.

Connor McDavid Signs Short-Term Deal, Eyeing Oilers’ Cup Window

The three-time Most Valuable Player signs for below his market value.
Sep 23, 2025; Dallas, Texas, USA; Dallas Stars forward Adam Erne (76) looks on during the game between the Dallas Stars and the Minnesota Wild at American Airlines Center
exclusive

Dallas Stars Eyeing Possible Move to Plano in 2031

The team needs to figure out where they’ll play starting in 2031.

ESPN’s Ben McDonald Stays on Padres-Cubs Call Despite NHL Flap

ESPN sticks with McDonald after his viral hockey “zero chance” jab.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.

Cardinals Vow Changes Coming After Historic Attendance Drop

A stalwart franchise looks to correct an alarming slide in attendance.
Jun 12, 2025; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) and relief pitcher Edwin Diaz (39) celebrate after defeating the Washington Nationals at Citi Field.
September 29, 2025

Two of the Mets’ Biggest Stars Could Dictate Important Offseason

The Mets missed the playoffs despite having one of baseball’s highest payrolls.
September 30, 2025

Tyreek Hill’s Injury Complicates Financial Future With Dolphins

Releasing the receiver after this season would cost $28 million.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
September 29, 2025

Mariners to End 37-Year RSN Run, Join MLB’s In-House Media Model

The Mariners-owned regional sports network is shutting down operations.
September 25, 2025

Celtics Owner Bill Chisholm: Boston Should Have a WNBA Team

Chisholm spoke to reporters Thursday for the first time as Celtics owner.
Aug 30, 2025; Phoenix, Arizona, USA; New York Liberty head coach Sandy Brondello calls out a play in the second half to her team against the Phoenix Mercury at Footprint Center.
September 25, 2025

Liberty GM Defends Controversial Brondello Firing

Kolb said he has confidence that the team’s stars will return.
Apr 29, 2023; New York, New York, USA; New Jersey Devils center Michael McLeod (20) during the first period against the New York Rangers in game six of the first round of the 2023 Stanley Cup Playoffs at Madison Square Garden.
September 23, 2025

Rumors of Canes Interest in Hockey Canada Trial Players Provokes Fan Backlash

Hurricanes fans are threatening to boycott if Carolina signs the acquitted players.