Garrioch: Senators sale heats up as Reynolds cashes out on Mint Mobile

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Garrioch: Senators sale heats up as Reynolds cashes out on Mint Mobile
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Hold the phones, Ryan Reynolds may be positioning himself financially in his group\u0027s bid to purchase the Ottawa Senators.

This news came as NHL commissioner Gary Bettman told TSN Wednesday the number of bids for the franchise is “robust” and as the process moves to phase two there could be an agreement in principle to sell the Senators “in a matter of weeks.”“I think it’s fair to say there is robust and meaningful interest in the Senators and the process will continue,” Bettman said. “The first round of bidding is in the books.

There’s no question that selling the wireless firm will help Reynolds financially if his group’s bid on the Senators is successful. This newspaper has confirmed one of the groups involved in the first-round bidding came in at well over $900 million.

“This is a process that is best conducted the way these processes are which is among the parties directly involved,” Bettman said.Bettman said the next step will be to make a shortlist and try to get everybody involved to put their best foot forward to purchase the franchise. It’s fair to suggest there could be a bidding war and this will only raise the value of the Senators.Article content“You begin the process of winnowing down the number of interested parties,” Bettman said.

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