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Home Business & Investment

Ryan Reynolds confirms interest in buying Ottawa Senators

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
November 8, 2022
in Business & Investment, Celebrity Gossip, Sports
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Ryan Reynolds confirms interest in buying Ottawa Senators

Canadian actor, Ryan Reynolds has confirmed reports that he wants to buy the Ottawa Senators.

The host of Tonight Show, Jimmy Fallon asked Reynolds directly if he was interested in purchasing the NHL club. Reynolds, who currently co-owns Welsh soccer club Wrexham with fellow actor Rob McElhenney answered by saying: “Yes, that is true. I am trying to do that. It’s very expensive.

While talking further, he laughed and said: “I need a partner with really deep pockets.”

In December 2021, Forbes magazine valued the Senators at US$525 million. That was about four months before former owner Eugene Melnyk died.

Months after Melnyk’s death, the Senators were once again the chosen partner for a proposed arena project to build in Ottawa’s LeBreton Flats area, thereby increasing the team’s value. The Senators initially considered moving to LeBreton Flats, but the plan hit the rocks as Melnyk and his business partners sued each other.

The Melnyk estate has clarified that the team will only be sold if the buyer agrees to keep the team in Ottawa.

Reynolds addressed both the cost of acquiring an NHL team and keeping the team in Ottawa during his interview with Fallon.

Reynolds said he would have to be the face of a consortium that buys the Senators, which according to him is “a fancy way of saying I need a sugar mommy or a sugar daddy.” Though he is from Vancouver, Reynolds talked about his love for the National Capital Region.

He said: “I love Ottawa. I grew up in Vancouver, which has my heart always, but I also grew up in Ottawa. I spent a long time in Vanier which is a little town right inside Ottawa.”

Melnyk bought the Senators in 2003 for US$92 million at a time when the franchise encountered bankruptcy and a shaky future in Ottawa.

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