As Ottawa Senators fans anxiously wait to find out who will own their hockey team, one of the bidders is continuing to add new investors to their lineup.
Hall also suggested the Sparks group would plan to build a downtown arena for the Senators.
The news release also said that TAAG, an Ottawa firm, has created a Special Purpose Vehicle for Canadian investors to participate in Sparks' bid. "investors Sparks has brought in, we’re still trying to figure out where the big money is. I know these are a lot of wealthy people but we’re talking about a roughly billion dollar sale, so the first thing – as a person who covers a lot of these sales – is where is the money coming from?" Perez said. "There seems to be the other groups have a little more verifiable capital than Sparks does.
"My first thought when I saw the news this morning is that maybe this bid is having a difficult time coming up with the financing to support the bid they put in," Lander said. "To me this an issue that I’m now concerned this group does not have their funding together. Let’s remember none of these people are going to be involved in hockey operations."
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