The Ottawa Senators announced, via press release this morning, that they were officially for sale.
The Senators Sports & Entertainment executive announced today that a process has been initiated to sell the Ottawa Senators Hockey Club. Galatioto Sports Partners, a leading sports finance and business advisory firm, has been retained as financial advisor."
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However, the number one condition for the sale is that the team will not be relocated and must remain in Ottawa.
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NHL Deputy Commissioner Bill Daly also confirmed this important clause.
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According to Sportico, the club is worth $655 million and several experts believe that a sale in the region of $700 million is possible.
POLL
Would you buy the Ottawa Senators if you had the money?
Yes
89
65.9 %
No
46
34.1 %
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