Insider reveals how much money the Ottawa Senators are in debt
The hockey world has been buzzing about new ownership looking to take over the Ottawa Senators. It appears whoever ends up being the successful bidder could have Canadian actor Ryan Reynolds as a partner in it.
During the Hockey Night in Canada broadcast on Saturday Ron MacLean dropped the actual amount of the debt the Senators owe that needs to be paid off by ownership once the sale goes through. According to MacLean that number is upwards of $450 million.
Now that's a huge number that the average person couldn't stomach, however, the NHL is a multi billion dollar company and with the expected purchase price expected to be around $900 million the Melnyk family will be in a good position post sale.
Long-time owner Eugene Melnyk was losing money on the Senators in previous seasons. An article posted in 2013 said Melnyk was averaging close to $10 million per year in losses running the franchise.
Whoever the new ownership group will have a debt to pay but will be gaining a young promising roster that is built for the future.
| POLL | ||
Do you think Eugene Melnyk was a good owner? | ||
| Yes, kept the franchise in Ottawa when losing $$ | 17 | 60.7 % |
| No, could never build a true winner | 11 | 39.3 % |
| List of polls | ||
