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

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

Published

 on

 

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:

The Canadian Press. All rights reserved.

Source link

Continue Reading

Sports

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

Published

 on

 

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.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Sports

Winger Tajon Buchanan back with Canada after recovering from broken leg

Published

 on

 

Inter Milan winger Tajon Buchanan, recovered from a broken leg suffered in training at this summer’s Copa America, is back in Jesse Marsch’s Canada squad for the CONCACAF Nations League quarterfinal against Suriname.

The 25-year-old from Brampton, Ont., underwent surgery July 3 to repair a fractured tibia in Texas.

Canada, ranked 35th in the world, plays No. 136 Suriname on Nov. 15 in Paramaribo. The second leg of the aggregate series is four days later at Toronto’s BMO Field.

There is also a return for veteran winger Junior Hoilett, who last played for Canada in June in a 4-0 loss to the Netherlands in Marsch’s debut at the Canadian helm. The 34-year-old from Brampton, now with Scotland’s Hibernian, has 15 goals in 63 senior appearances for Canada.

Midfielder Ismael Kone, recovered from an ankle injury sustained on club duty with France’s Marseille, also returns. He missed Canada’s last three matches since the fourth-place Copa America loss to Uruguay in July.

But Canada will be without centre back Derek Cornelius, who exited Marseille’s win Sunday over Nantes on a stretcher after suffering an apparent rib injury.

The Canadian men will prepare for Suriname next week at a camp in Fort Lauderdale, Fla.

“We are looking forward to getting the group together again with the mindset that there is a trophy on the line,” Marsch said in a statement. “We want to end 2024 the right way with two excellent performances against a competitive Suriname squad and continue building on our tremendous growth this past summer.”

The quarterfinal winners advance to the Nations League Finals at SoFi Stadium in Inglewood, Calif., with the two semifinals scheduled for March 20 and the final and third-place playoff March 23, and qualify for the 2025 CONCACAF Gold Cup.

Thirteen of the 23 players on the Canadian roster are 25 or younger, with 19-year-old defender Jamie Knight-Lebel, currently playing for England’s Crewe Alexandra on loan from Bristol City, the youngest.

Bayern Munich star Alphonso Davies captains the side with Stephen Eustaquio, Jonathan Osorio, Richie Laryea, Alistair Johnston and Kamal Miller adding veteran support.

Jonathan David, Cyle Larin and Theo Bair are joined in attack by Minnesota United’s Tani Oluwaseyi.

Niko Sigur, a 21-year-old midfielder with Croatia’s Hadjuk Split, continues in the squad after making his debut in the September friendly against Mexico.

Suriname made it to the Nations League quarterfinals by finishing second to Costa Rica in Group A of the Nations League, ahead of No. 104 Guatemala, No. 161 Guyana and unranked Martinique and Guadeloupe.

“A good team,” Osorio said of Suriname. “These games are always tricky and they’re not easy at all … Suriname is a (former) Dutch colony and they’ll have Dutch players playing at high levels.”

“They won’t be someone we overlook at all,” added the Toronto FC captain, who has 81 Canada caps to his credit.

Located on the northeast coast of South America between Guyana and French Guiana, Suriname was granted independence in 1975 by the Netherlands.

Canada has faced Suriname twice before, both in World Cup qualifying play, winning 4-0 in suburban Chicago in June 2021 and 2-1 in Mexico City in October 1977.

The Canadian men, along with Mexico, the United States and Panama, received a bye into the final eight of the CONCACAF Nations League.

Canada, No. 2 in the CONCACAF rankings, drew Suriname as the best-placed runner-up from League A play.

Canada lost to Jamaica in last year’s Nations League quarterfinal, ousted on the away-goals rule after the series ended in a 4-4 draw. The Canadians lost 2-0 to the U.S. in the final of the 2022-23 tournament and finished fifth in 2019-20.

Canada defeated Panama 2-1 last time out, in an Oct. 15 friendly in Toronto.

Goalkeepers Maxime Crepeau and Jonathan Sirois, defenders Joel Waterman, Laryea and Miller and Osorio took part in a pre-camp this week in Toronto for North America-based players.

Canada Roster

Goalkeepers: Maxime Crepeau, Portland Timbers (MLS); Jonathan Sirois, CF Montreal (MLS); Dayne St. Clair, Minnesota United FC (MLS).

Defenders: Moise Bombito, OGC Nice (France); Alphonso Davies, Bayern Munich (Germany); Richie Laryea, Toronto FC (MLS); Alistair Johnston, Celtic (Scotland); Jamie Knight-Lebel. Crewe Alexandra, on loan from Bristol City (England); Kamal Miller, Portland Timbers (MLS); Joel Waterman, CF Montreal (MLS).

Midfielders: Ali Ahmed. Vancouver Whitecaps (MLS); Tajon Buchanan, Inter Milan (Italy); Mathieu Choiniere, Grasshopper Zurich (Switzerland); Stephen Eustaquio, FC Porto (Portugal); Junior Hoilett, Hibernian FC (Scotland); Ismael Kone, Olympique Marseille (France); Jonathan Osorio, Toronto FC (MLS); Jacob Shaffelburg, Nashville SC (MLS); Niko Sigur, Hadjuk Split (Croatia).

Forwards: Theo Bair, AJ Auxerre (France); Jonathan David, LOSC Lille (France); Cyle Larin, RCD Mallorca (Spain); Tani Oluwaseyi, Minnesota United (MLS).

Follow @NeilMDavidson on X platform

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

Source link

Continue Reading

Trending