Senators aren’t for sale, says Gary Bettman

After the death of Eugene Melnyk, rumors about the sale of the Ottawa Senators made the rounds. However, NHL Commissioner Gary Bettman set the record straight Friday night by confirming the team is still not for sale.

Bettman made the announcement during the first break of Game 3 of the Maple Leafs Lightning series.

According to him, the decision rests with the daughters of Melnyk, who inherited the franchise, but at the moment everything is fine in Ottawa.

“The franchise is managed professionally. The racket is not on the market. There is no emergency. The club is not unstable. There are no problems. – Gary Bettman in a press conference on TSN

Melnyk died on March 28 at the age of 62, leaving the Senators franchise to his daughters Anna and Olivia, 19 and 23, respectively. Melnyk acquired the Senators in 2003 for $92 million when the organization was facing bankruptcy.

Yes, the franchise seems to be well run, but if Melnyk’s daughters don’t want to continue their businesses, they could get a big sum while the official value of the franchise is $525 million according to the Forbes website.

The Senators haven’t made the playoffs since 2017, but they have some fine young players who are looking for a bright future right now. Potential buyers might be interested in this beautiful orientation.

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