Hollywood sensation Ryan Reynolds confirms on not going forward with bid for Ottawa Senators
Ryan Reynolds pulls out of bid for NHL's Ottawa Senators
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Ryan Reynolds and Ottawa Senators ( Image via NHL )
In recent months, Hollywood actor Ryan Reynolds has been making headlines for his interest in purchasing the Ottawa Senators, an NHL franchise based in Canada’s capital city. However, it seems that Reynolds has confirmed that his bid for the team will not be moving forward, according to sources close to the process.
Reynolds was reportedly attached to a bid led by real estate developer Remington Group to acquire the Senators, who are up for sale following the death of longtime owner Eugene Melnyk. The planned sale has attracted plenty of interest, with multiple celebrity-led bids emerging in what is shaping up to be a bidding war.
Despite Reynolds’ interest, it appears that his bid has fallen through due to his request for an exclusive 30-day window to secure a downtown arena deal being denied. This led Reynolds to pull out of the process, according to sources. The deadline for interested groups to submit final nonbinding offers for the Senators is May 15.
With Reynolds out of the running, it remains to be seen which celebrity-led bid will ultimately win the franchise. Snoop Dogg is part of a bid led by Los Angeles-based businessman Neko Sparks, while The Weeknd is part of a bid by Toronto billionaires Jeffrey Kimel and Michael Kimel, according to the Ottawa Sun.
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The reason for Rayan Reynolds’ withdrawal and the future of the Ottawa Senators sale
According to sources close to the process, Rayan Reynolds‘ request for an exclusive window to complete the deal was denied, which ultimately led to his withdrawal from the bidding process. This means that Reynolds’ consortium will not be acquiring the Ottawa Senators, and the team’s future ownership remains up in the air.
While Reynolds’ bid was believed to be worth more than $1 billion, the Remington Group, which led the bid, declined to comment on the situation. The NHL has also declined to comment on the matter, leaving fans and observers alike waiting for further updates.
According to ESPN, Despite Reynolds’ withdrawal, the sale of the Ottawa Senators is still expected to be one of the richest in NHL history. The team must stay in Ottawa, per the NHL’s conditions for the sale, but the opportunity to bring the team to downtown Ottawa with a new land and arena deal has many believing that the sale could be worth upwards of $800 million, according to a recent Forbes valuation.
With the deadline for final nonbinding offers fast approaching, it remains to be seen which celebrity-led bid will ultimately win the franchise. However, one thing is certain: the Ottawa Senators are a hot commodity, and the bidding war for their ownership is far from over.
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Rohit Jambhulkar
(1239 Articles Published)