• Loading stock data...
Tuesday, August 5, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

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

Jan 17, 2025; Miami, FL, USA; Skylar Diggins-Smith (4) of the Lunar Owls drives toward the basket during the first half of the game against the Mist of the Unrivaled women’s professional 3v3 basketball league at Wayfair Arena.

Unrivaled Has Signed Nearly 90% of 2026 Roster, Salaries to Increase

Cofounder Alex Bazzell confirmed the average salary will increase next season.
Apr 2, 2023; Inglewood, CA, USA; Brock Lesnar during Wrestlemania Night 2 at SoFi Stadium.

Lesnar Returns to WWE Months After Being Named in McMahon Suit

It was Lesnar’s first WWE appearance since 2023.
Apr 14, 2025; New York, New York, USA; WNBA commissioner Cathy Engelbert talks to the media before the 2025 WNBA Draft at The Shed at Hudson Yards.
exclusive

Pagliuca Offer to Buy Sun Was Agreed to in July, Never Presented..

The exclusivity window expired, allowing for competing offers including Marc Lasry’s.
Sep 1, 2024; Atlanta, Georgia, USA; Sep 1, 2024; Atlanta, Georgia, USA; PGA TOUR Commissioner Jay Monahan presents Scottie Scheffler the FedEx Cup after winning the TOUR Championship golf tournament.

Scottie Scheffler Tops New FedEx Cup Bonus List With $18M Payday

The PGA Tour’s top 10 players are getting paid after the regular season.

Featured Today

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty
August 2, 2025

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Las Vegas sign
July 29, 2025

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.

Bengals Extend Stadium Lease After $350M in Public Funds for Renovation

The Bengals will stay in the 25-year-old stadium through at least 2036.
July 31, 2025

Ferrari Extends F1 Boss Weeks After Red Bull Fire Horner

Fred Vasseur joined Ferrari in 2023.
August 1, 2025

Commanders Seal Stadium Deal As D.C. Approves $1.1B in Funding

The NFL team’s return to its prior home receives key political support.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 30, 2025

Mayor Calls Commanders RFK Stadium Deal ‘a BFD’ for D.C.’s Future

The NFL team makes a series of additional commitments.
July 30, 2025

Trey Hendrickson Ends $450K Holdout Without New Bengals Deal

The defensive end is seeking a raise on his $16 million 2025 salary.
July 29, 2025

Wrexham’s Ambition Replaces Fan Favorites With Pricey Additions

Wrexham has already added six new players.
July 29, 2025

Mario Lemieux Trying to Reacquire Penguins 4 Years After Selling

The former NHL great looks to return to team ownership.