Ryan Reynolds will no longer be part of the bidding process to buy the Ottawa Senators, according to multiple reports. Here’s what you need to know:
- The actor is reportedly part of a bid led by Toronto-based real estate company The Remington Group worth more than $1 billion.
- Reynolds’ request for an exclusive window to complete the deal was denied, leading the Canadian-born actor to leave the process, according to ESPN.
- The reported deadline for interested groups to submit final nonbinding offers for the franchise is May 15.
Backstory
NHL commissioner Gary Bettman confirmed in December that he met with Reynolds to discuss his potential purchase of the team, and in March told reporters that “(Reynolds) wants to get his bid done. He wants to accept it from from beginning to end … And as I said I respect his view of the process and I wish him well.
Reynolds also met with Ottawa mayor Mark Sutcliffe in March, joined by The Remington Group’s Chris Bratty.
“I admire the man as an investor. but beyond that, there is a level of community care,” Sutcliffe said The Athletic at that time. “And it’s evident in the kind of questions he asks about the community … The idea that someone like Ryan wants to invest in our city and grow our community is really exciting. It was a great conversation. I’m grateful that so many people — including Ryan — are interested in our city and our team. That’s a real vote of confidence for Ottawa. “
The Athletic It was revealed earlier this month that Snoop Dogg had aligned himself with the bid fronted by Los Angeles-based entrepreneur Neko Sparks.
Sources with knowledge of Sparks’ bid – but not authorized to speak publicly on the matter – confirmed that the iconic hip-hop artist has joined forces with Sparks in an aggressive pursuit of the franchise.
The Weeknd has aligned himself with another ownership group, according to multiple reports.
Senators Sports & Entertainment announced that the sale process officially began in November following the death of former owner Eugene Melnyk in March 2022.
Required reading
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