Durham Live billionaire developer Steve Apostolopoulos and Hamilton Bulldogs owner Michael Andlauer are still in the running for the Ottawa Senators after final bids were submitted Monday afternoon.
Four bids remain, according to media reports from Postmedia and Sportsnet, including one fronted by Apostolopoulos – the developer behind the Pickering Casino Resort and a former suitor for the NFL’s Washington Commanders – and supported by Oshawa Generals owner Rocco Tullio.
Other bids include groups led by Montreal Canadiens minority owner and Hamilton Bulldogs owner Michael Andlauer, former Pittsburgh Penguins minority owners Michael and Jeffrey Kimel – with support from Canadian music star The Weeknd – and Los Angeles producer Neko Sparks, who has hip hop superstar Snoop Dog on board, as well as First Nations organizations in Canada that have been promised a “seat at the table.”
Postmedia is reporting that at least one of the bids, which were delivered to New York-based banker Galatioto Sports Partners, was for $1 billion.
All bidders were told the team must remain in Ottawa and that Anna and Olivia Melnyk, the daughters of late owner Eugene Melnyk, wish to retain up to 10 per cent of ownership in the franchise.
The Remington Group, an early favourite whose bid was supported by Ryan Reynolds, dropped out of the race last week.
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