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GARRIOCH: Michael Andlauer reaches deal in principle to buy Ottawa Senators

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The dawn of a new era is on the way for the Ottawa Senators.

League sources told Postmedia Tuesday Toronto billionaire Michael Andlauer’s bid, which believed to be worth close to  $1 billion (all figures U.S.), has been moved to the front of the line by New York-based banker Galatioto Sports Partners (GSP) and the Melnyk estate.

Sources say Andlauer has reached an agreement in principle to purchase the Senators. That means his offer has been elevated to the next stage of due diligence and work will now ramp up with the National Hockey League to try to close the deal.

“(Andlauer) will be a great owner,” a source said.

With an agreement in principle signed with Andlauer, it will need approval from NHL commissioner Gary Bettman and the league’s executive board. That group met last Wednesday but could reconvene if necessary.

From there, the agreement will be passed onto the board of governors and though they’re scheduled to meet in New York June 22, it might be a stretch to have the deal approved by then.

At the very least, NHL commissioner Gary Bettman will give the governors a full update on where the sale is at when the governors get together.

Andlauer’s current status ahead of the other three bids has resulted in the total elimination of Jeffrey and Michael Kimel or Los Angeles producer Neko Sparks, but the status of both is hanging by a thread.

As Postmedia first reported at the deadline May 15 for binding bids, Andlauer along with Toronto billionaire Steve Apostolopoulos along with Jeffrey and Michael Kimel of Harlo Capital and Sparks, submitted binding bids.

If the club sells for $1 billion that’s the highest price a franchise has sold for in NHL history. The late Eugene Melnyk purchased the Senators out of bankruptcy in 2003 and under the terms of this sale the club must remain in Ottawa.

Sources say the league liked Andlauer’s vision for the city, his plans for the club’s brand and the ability of his family to try to help bring a Stanley Cup to Ottawa.

The four bids ranged from somewhere between $850 million and $1 billion (all figures U.S.). Since GSP received those bids, they’ve worked with the groups involved to get the best price possible for the National Hockey League team.

Apostolopoulos walked away Friday out of frustration with the process and we believe Andlauer then pushed for a deal to get done or he’d do the same.

Sources say Andlauer has the wherewithal to do this deal and is determined to build a winner in Ottawa.

It’s believed, Anna and Olivia, will retain as much as 10% stake once the deal is approved by the NHL.

A part-owner of the Montreal Canadiens, Andlauer wanted to win this deal badly, and had to raise his bid to make it happen. He will also have to sell his share in the Habs.

Now the work on closing the deal will heat up. That won’t happen in nearly enough time for the NHL’s board of governors meeting, which is set for later this month in New York.

Bettman will give the governors an update on the sale, providing details of the agreement in principle and what it took to get there. The sale needs two-thirds approval of the board.

The NHL will give the board as much detail as it can so that, when it comes time to vote, the governors are informed enough to rubber-stamp the decision after being updated on any changes that may have happened during closing.

The Melnyk estate announced on Nov. 7 the club was officially up for sale and that GSP had been retained to handle the deal. The only stipulation was a “condition of any sale will be that the team remains in Ottawa.”

That came after Eugene Melnyk’s passing in March 2022. The franchise is part of the massive estate Melnyk left to Anna and Olivia, and it has been operating business as usual since his death after a lengthy illness.

Sources say Andlauer supports the idea of a new downtown arena, but hasn’t decided whether that should be at LeBreton Flats or somewhere closer to downtown.

Since the Senators won preferred-bidder status from the National Capital Commission in June 2022 to build a rink on a seven-acre parcel of land at LeBreton Flats, we’ve insisted the city will have to play a role to make the project work.

That’s why the seven groups that visited the city during Phase 2 of the process in late-March and early-April met with NCC CEO Tobi Nussbaum to discuss the project.

Nussbaum has said there is room for flexibility on the size of the parcel of land, but Ottawa Mayor Mark Sutcliffe has suggested options publicly that have piqued the interest of some of the bidders.

The 14 acres at Bayview Yards is the most interesting parcel that Sutcliffe has said the city might be willing to talk about and several of the bidders are interested in that location.

Sutcliffe didn’t mention the DND headquarters near the Rideau Centre, but some of the groups have studied that option.

 

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PWHL MVP Spooner set to miss start of season for Toronto Sceptres due to knee injury

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TORONTO – Reigning PWHL MVP and scoring champ Natalie Spooner will miss the start of the regular season for the Toronto Sceptres, general manager Gina Kingsbury announced Tuesday on the first day of training camp.

The 33-year-old Spooner had knee surgery on her left anterior cruciate ligament (ACL) after she was checked into the boards by Minnesota’s Grace Zumwinkle in Game 3 of their best-of-five semifinal series on May 13.

She had a goal and an assist in three playoff games but did not finish the series. Toronto was up 2-1 in the semifinal at that time and eventually fell 3-2 in the series.

Spooner led the PWHL with 27 points in 24 games. Her 20 goals, including five game-winners, were nine more than the closest skater.

Kingsbury said there is no timeline, as the team wants the Toronto native at 100 per cent, but added that “she is doing really well” in her recovery.

The Sceptres open the PWHL season on Nov. 30 when they host the Boston Fleet.

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

The Canadian Press. All rights reserved.

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Champions Trophy host Pakistan says it’s not been told India wants to play cricket games elsewhere

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LAHORE, Pakistan (AP) — A top official of the Pakistan Cricket Board declined Friday to confirm media reports that India has decided against playing any games in host Pakistan during next year’s Champions Trophy.

“My view is if there’s any problems, they (India) should tell us in writing,” PCB chairman Mohsin Naqvi told reporters in Lahore. “I’ll share that with the media as well as with the government as soon as I get such a letter.”

Indian media reported Friday that the Board of Control for Cricket in India (BCCI) has communicated its concerns to all the Champions Trophy stakeholders, including the PCB, over the Feb. 19-March 9 tournament and would not play in arch-rival Pakistan.

The Times of India said that “Dubai is a strong candidate to host the fixtures involving the Men in Blue” for the 50-over tournament.

Such a solution would see Pakistan having to travel to a neutral venue to play India in a group match, with another potential meeting later in the tournament if both teams advanced from their group. The final is scheduled for March 9 in Pakistan with the specific venue not yet decided.

“Our stance is clear,” Naqvi said. “They need to give us in writing any objections they may have. Until now, no discussion of the hybrid model has happened, nor are we prepared to accept one.”

Pakistan hosted last year’s Asia Cup but all India games were played in Sri Lanka under a hybrid model for the tournament. Only months later Pakistan did travel to India for the 50-over World Cup.

Political tensions have stopped bilateral cricket between the two nations since 2008 and they have competed in only multi-nation tournaments, including ICC World Cups.

“Cricket should be free of politics,” Naqvi said. “Any sport should not be entangled with politics. Our preparations for the Champions Trophy will continue unabated, and this will be a successful event.”

The PCB has already spent millions of dollars on the upgrade of stadiums in Karachi, Lahore and Rawalpindi which are due to host 15 Champions Trophy games. Naqvi hoped all the three stadiums will be ready over the next two months.

“Almost every country wants the Champions Trophy to be played here (in Pakistan),” Naqvi said. “I don’t think anyone should make this a political matter, and I don’t expect they will. I expect the tournament will be held at the home of the official hosts.”

Eight countries – Pakistan, India, Bangladesh, England, Australia, South Africa, New Zealand and Afghanistan – are due to compete in the tournament, the schedule of which is yet to be announced by the International Cricket Council.

“Normally the ICC announces the schedule of any major tournament 100 days before the event, and I hope they will announce it very soon,” Naqvi said.

___

AP cricket:

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Dabrowski, Routlife into WTA doubles final with win over Melichar-Martinez, Perez

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RIYADH, Saudi Arabia – Ottawa‘s Gabriela Dabrowski and Erin Routliffe of New Zealand are through to the doubles final at the WTA Finals after a 7-6 (7), 6-1 victory over Nicole Melichar-Martinez of the United States and Australia’s Ellen Perez in semifinal action Friday.

Dabrowski and Routliffe won a hard-fought first set against serve when Routliffe’s quick reaction at the net to defend a Perez shot gave the duo set point, causing Perez to throw down her racket in frustration.

The second seeds then cruised through the second set, winning match point on serve when Melichar-Martinez couldn’t handle Routliffe’s shot.

The showdown was a rematch of last year’s semifinal, which Melichar-Martinez and Perez won in a super tiebreak.

Dabrowski and Routliffe will face the winner of a match between Katerina Siniakova and Taylor Townsend, and Hao-Ching Chan and Veronika Kudermetova in the final on Saturday.

Dabrowski is aiming to become the first Canadian to win a WTA Finals title.

This report by The Canadian Press was first published Nov. 8, 2024.

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