adplus-dvertising
Connect with us

Sports

Ryan Reynolds’ bid to buy Ottawa Senators not moving forward: Sources

Published

 on

The well-publicized sale of the Ottawa Senators took another dramatic turn on Thursday, as Ryan Reynolds and the Remington Group decided to withdraw their names from the bidding process for the NHL club.

The Athletic spoke to multiple sources familiar with the Senators sale process who confirmed the Hollywood star was not proceeding with his bid to purchase the Senators with the Markham-based real estate firm. ESPN’s Emily Kaplan was the first to report the news on Thursday, which sent shockwaves through the NHL community.

Since publicly stating his interest in purchasing the team back in November, Reynolds has catapulted into the headlines on a regular basis because of his interest in the Senators. However, sources say his bid with the Remington Group hit a snag earlier this month when they opted for a bold and aggressive strategy to try and seize control of the hockey club. One source says it started to become evident within the last 48 hours that Reynolds and Chris Bratty were ready to withdraw from the bidding process, with their decision finalized late Wednesday night or early Thursday morning.

That’s a stark contrast from where things stood just a couple of weeks ago. The Reynolds-Remington group was prepared to put a firm offer of $900 million (U.S.) on the Ottawa Senators with one key caveat: They wanted an exclusive 30-day window to hammer out a new downtown arena deal for the Senators. In essence, all other bids for the hockey team would have been put on hold to allow the Reynolds and Remington Group to close on the deal themselves.

However, sources indicated that Galatioto Sports Partners — who are in charge of running the sales process — were not willing to grant that exclusivity to Reynolds and Remington Group. In particular, the feeling was that Michael Andlauer and Jeffrey Kimel — who are running competing bids — would have vehemently opposed such a provision for Reynolds and the Remington Group. Both Andlauer and Kimel have previous ownership ties with the NHL and their intimate knowledge of how these sales processes work meant they never would have stood idly by while another group received preferential treatment.

Reynolds and the Remington Group opted for this route because they were leery of getting into a pricey bidding war for the hockey club without some assurance of an amenable downtown arena deal. They did not want to get into a situation in which they spent over $1 billion (U.S.) for the hockey team, only to have the future of the downtown arena in jeopardy. They wanted assurance and clarity on the arena issue before proceeding with the purchase of the team and felt like asking for an exclusive negotiating window was the best route to achieve that goal.

In particular, they were hoping to receive a significant parcel of land at LeBreton Flats — much larger than the current six-and-a-half acres that is currently being set aside by the National Capital Commission (NCC) for a new NHL arena. But they were also willing to study the site near Bayview Yards, which would have also given them a coveted downtown location while working with the city of Ottawa instead of the NCC. In an ideal world, the Reynolds and Remington Group would have been able to play the city and the NCC against each other, leveraging the best possible arena deal for themselves. But trying to accomplish that goal in just 30 days would have almost certainly been an insurmountable task.

One source says Gary Bettman was not blindsided by this aggressive move, as Reynolds and the Remington Group kept the NHL commissioner apprised of their plans over the past few weeks.

With Reynolds suddenly out of the mix, the pressing question is: What happens next?

The next round of bids are due to be submitted on Monday and one source suggested the news of Reynolds and Remington’s departure from the process could drive the price down. One source suggested the sale price for the team may not eclipse $1 billion (U.S.) — although there remains an excellent chance the price tag passes the $900 million paid for the Pittsburgh Penguins when they were sold to the Fenway Sports Group in 2021. If the Reynolds and Remington Group had reservations about securing the hockey team without an arena deal, it stands to reason the other potential ownership groups share similar concerns.

There is a chance Reynolds could re-appear with another group, but up until this point, he was fairly adamant that he wanted to work exclusively with the Remington Group.

A source close to the Neko Sparks ownership group told The Athletic on Thursday evening their bid would gladly accept Reynolds into their fold if the actor wanted to join forces. Earlier this month, Snoop Dogg aligned with the Sparks group, stating that he was very interested in purchasing the Senators. Given the entertainment background of that group, perhaps there is a natural opportunity for a collaboration. Reynolds’ vision was to help secure a streaming rights deal around a behind-the-scenes documentary around the Senators, similar to what he accomplished with the “Welcome To Wrexham” series.

Another source suggested there is a path toward trying to marry Reynolds with Andlauer’s group. The feeling is once these bids are submitted on Monday, there will be an opportunity for GSP and Bettman to evaluate the final proposals and see if there are any opportunities to forge any last-minute partnerships.

One source said he was holding out hope that Reynolds would consider joining forces with another group, but it would likely take some time for him to recover from the disappointment of not securing this bid on his own.

(Photo: Richard A. Whittaker / Icon Sportswire via Getty Images)

 

728x90x4

Source link

Continue Reading

Sports

French league’s legal board orders PSG to pay Kylian Mbappé 55 million euros of unpaid wages

Published

 on

 

The French league’s legal commission has ordered Paris Saint-Germain to pay Kylian Mbappé the 55 million euros ($61 million) in unpaid wages that he claims he’s entitled to, the league said Thursday.

The league confirmed the decision to The Associated Press without more details, a day after the France superstar rejected a mediation offer by the commission in his dispute with his former club.

PSG officials and Mbappé’s representatives met in Paris on Wednesday after Mbappé asked the commission to get involved. Mbappé joined Real Madrid this summer on a free transfer.

___

AP soccer:

The Canadian Press. All rights reserved.

Source link

Continue Reading

News

Reggie Bush was at his LA-area home when 3 male suspects attempted to break in

Published

 on

 

LOS ANGELES (AP) — Former football star Reggie Bush was at his Encino home Tuesday night when three male suspects attempted to break in, the Los Angeles Times reported Wednesday.

“Everyone is safe,” Bush said in a text message to the newspaper.

The Los Angeles Police Dept. told the Times that a resident of the house reported hearing a window break and broken glass was found outside. Police said nothing was stolen and that three male suspects dressed in black were seen leaving the scene.

Bush starred at Southern California and in the NFL. The former running back was reinstated as the 2005 Heisman Trophy winner this year. He forfeited it in 2010 after USC was hit with sanctions partly related to Bush’s dealings with two aspiring sports marketers.

___

AP NFL: https://apnews.com/hub/nfl

___

Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: and

The Canadian Press. All rights reserved.

Source link

Continue Reading

Sports

B.C. Lions lean on versatile offence to continue win streak against Toronto Argonauts

Published

 on

 

VANCOUVER – A fresh face has been gracing the B.C. Lions‘ highlight reels in recent weeks.

Midway through his second CFL campaign, wide receiver Ayden Eberhardt has contributed touchdowns in two consecutive games.

The 26-year-old wide receiver from Loveland, Colo., was the lone B.C. player to reel in a passing major in his team’s 37-23 victory over the league-leading Montreal Alouettes last Friday. The week before, he notched his first CFL touchdown in the Lions’ win over the Ottawa Redblacks.

“It’s been awesome. It’s been really good,” Eberhardt said of his recent play. “At the end of the day, the biggest stat to me is if we win. But who doesn’t love scoring?”

He’ll look to add to the tally Friday when the Leos (7-6) host the Toronto Argonauts.

Eberhardt signed with B.C. as a free agent in January 2023 and spent much of last season on the practice squad before cementing a role on the roster this year.

The six-foot-two, 195-pound University of Wyoming product has earned more opportunities in his second season, said Lions’ head coach and co-general manager Rick Campbell.

“He’s a super hard worker and very smart. He understands, has high football IQ, as we call it,” Campbell said.

The fact that Eberhardt can play virtually every receiving position helps.

“He could literally go into a game and we could throw him into a spot and he’d know exactly what he’s doing,” the coach said. “That allows him to play fast and earn the quarterback’s trust. And you see him making plays.”

Eberhardt credited his teammates, coaches and the rest of the Lions’ staff with helping him prepare for any situation he might face. They’ve all spent time teaching him the ins and outs of the Canadian game, or go over the playbook and run routes after practice, he said.

“I’ve played every single position on our offence in a game in the last two years, which is kind of crazy. But I love playing football,” he said. “I want to play any position that the team needs me to play.”

While B.C.’s lineup is studded with stars like running back William Stanback — who has a CFL-high 938 rushing yards — and wide receiver Justin McInnis — who leads the league in both receiving yards (1,074) and receiving TDs (seven) — versatility has been a critical part of the team’s back-to-back wins.

“I think we’ve got a lot of talented guys who deserve to get the ball and make big plays when they have the ball in their hands. So it’s really my job to get them the ball as much as possible,” said quarterback Nathan Rourke.

“I think that makes it easy when you can lean on those guys and, really, we’re in a situation where anyone can have a big game. And I think that’s a good place to be.”

Even with a talented lineup, the Lions face a tough test against an eager Argos side.

Toronto lost its second straight game Saturday when it dropped a 41-27 decision to Ottawa.

“We’ll have our hands full,” Rourke said. “We’ll have to adjust on the fly to whatever their game plan is. And no doubt, they’ll be ready to go so we’ll have to be as well.”

The two sides have already met once this season when the Argos handed the Lions a 35-27 loss in Toronto back on June 9.

A win on Friday would vault B.C. to the top of the West Division standings, over the 7-6 Winnipeg Blue Bombers who are on a bye week.

Collecting that victory isn’t assured, though, even with Toronto coming in on a two-game skid, Campbell said.

“They’ve hit a little bit of a rut, but they’re a really good team,” he said. “They’re very athletic. And you can really see (quarterback Chad Kelly’s) got zip on the ball. When you see him in there, he can make all the throws. So we’re expecting their best shot.”

TORONTO ARGONAUTS (6-6) AT B.C. LIONS (7-6)

Friday, B.C. Place

HOME FIELD ADVANTAGE: The Lions boast a 4-1 home record this season, including a 38-12 victory over the Redblacks at Royal Athletic Park in Victoria, B.C., on Aug. 31. The Argos have struggled outside of BMO Field and hold a 1-5 away record. Trips to the West Coast haven’t been easy for Toronto in recent years — since 2003, the club is 4-14 in road games against B.C.

CENTURION: B.C. defensive back Garry Peters is set to appear in his 100th consecutive game. The 32-year-old from Conyers, Ga., is a two-time CFL all-star who has amassed 381 defensive tackles, 19 special teams tackles and 16 interceptions over seven seasons. “Just being on the field with the guys every day, running around, talking trash back and forth, it keeps me young,” Peters said. “It makes me feel good, and my body doesn’t really feel it. I’ve been blessed to be able to play 100 straight.”

This report by The Canadian Press was first published Sept. 12, 2024.

Source link

Continue Reading

Trending