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Ottawa Senators Sale Down to Three Groups

  • Four groups submitted bids ahead of Monday's deadline to acquire the Senators.
  • The franchise is expected to sell for around $1B, an NHL record.
Four groups submitted bids for Ottawa's NHL franchise ahead of Monday's deadline.
Marc DesRosiers-USA TODAY Sports

The Ottawa Senators’ sale process has been pared down to three groups heading into the weekend, two sources with knowledge of the review process told Front Office Sports .

FOS originally reported Friday that only “a couple” of the four ownership groups remained in the mix. But two sources later said the true number was three.

A decision is expected to come down next week.

It wasn’t unclear which of the four groups remained in the mix. The Senators are expected to fetch about $1 billion

Four groups submitted bids ahead of Monday’s final deadline, including: 

  • Billionaire Montreal Canadiens minority owner and healthcare group founder Michael Andlaue
  • Toronto businessman Steve Apostolopoulos, who was also part of the Washington Commanders’ bidding before Josh Harris secured a final agreement 
  • Former Pittsburgh Penguins minority owners and entrepreneurs Jeffrey and Michael Kimel
  • Los Angeles-based businessman Neko Sparks, whose group that already counted rapper Snoop Dogg and apparently added Canadian Olympic gold medal-winning sprinter Donovan Bailey

The Senators went on the market in November, months after the death of Eugene Melnyk. Melnyk purchased the Sens for $92 million in 2003. 

Galatioto Sports Partners is handling the sale on behalf of the Melnyk family. A message left with GSP by FOS on Friday was not immediately returned. 

Galatioto Sports Partners is handling the sale on behalf of the Melnyk family. Patriarch Eugene Melnyk, who purchased the Sens for $92 million in 2003, died in March 2022.

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