Six months after the Ottawa Senators went on the market, six groups face a final bid deadline for the franchise at the close of business on Monday.
While sources told Front Office Sports that not all of the groups left in the process are expected to submit bids, those that do are expected to bid near $1 billion — a record price for an NHL franchise.
The next step is for Galatioto Sports Partners, the New York-based firm tapped to handle the sale, to review all the proposals. The announcement of a winning bidder likely won’t arrive for several days.
Actor Ryan Reynolds won’t be among them, as his group withdrew from the process earlier this month.
The groups eligible to submit finals bids include Sacramento Kings owner Vivek Ranadivé, billionaire Montreal Canadiens minority owner Michael Andlauer, and Los Angeles-based businessman Neko Sparks, whose group includes rapper Snoop Dogg.
A Vote For Coyotes’ Future
Tempe voters face a Tuesday deadline to turn in their mail-in ballots for the special election that will decide the fate of a planned arena for the Arizona Coyotes.
The privately funded $2.1 billion development includes not only a 16,000-seat venue but also an entertainment district and housing. The Coyotes currently play at Arizona State’s 5,000-seat Mullett Arena.
The team will need majorities on Propositions 301, 302, and 303 to move the project forward. As of Monday, more than 28,000 mail-in ballots — about a third of eligible voters in Tempe — have been returned, per a Maricopa County elections spokesperson.
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