$950 Million Bid Takes First Black Man to Potentially Break Glass Ceiling in NHL Ownership

Ever since the NHL team, Ottawa Senators officially announced their team is up for new ownership last November, several parties have expressed their keenness to buy the team. With the tech expert and Los Angeles-based entrepreneur, Neko Sparks readying his bid to buy the team, Senators could become the first-ever team owned by people of color.

Besides, this buyout could be a huge plus to the team as Sparks’s media company, Pixel Lime is already associated with the Senators working on digital innovations. The NHL team was last sold in 2003 for $92 million, while the current consortium is willing to bid a whopping $950 million for the franchise.

Group of investors majorly comprising people of color

According to the Athletic, Sparks is bringing together a group of 10–15 investors from North America. Interestingly, 75% of them are said to be people of color. Besides, the investor conglomerate comprises some big names in Canada, including a celebrity musician.

The battle for ownership gained momentum after the passing of Melnyk, the Senators’s former owner. Driven by passion and commitment, the late Eugene Melnyk has owned the team since 2003. Aged 62, his sudden demise in March 2022 left the team with a void to be filled by a visionary to take the team to greater heights.

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Michael Andlauer and Rocco Tullio, who own Hamilton Bulldogs and the Oshawa Generals in the Ontario Hockey League (OHL), tried to buy the Senators for $650 million last year but their offer was rejected. In addition, the interested investors include owners of real estate groups, business magnets, and Deadpool fame, Ryan Reynolds.

Must involve Ryan Reynolds in the investor group

NHL is leaving no stone unturned to leverage the popularity of one of the most interested investors. Reports suggest that NHL has insisted on including the Hollywood star, Ryan Reynolds, in the investor pool. Furthermore, he currently owns the English soccer club Wrexham AFC. Besides, his Canadian roots is a major driving force to be a part of the ownership group of the Ottawa Senators.

The Ottawa team is expected to get their new owner shortly. While fans are keen to know what the future holds for the team, what do you think of the latest happenings in the run for the ownership? Share your thoughts in the comments.

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