The Senators Are Up For Sale And Are Valued at $655 Million

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The Ottawa Senators are reportedly up for sale following the death of owner Eugene Melnyk. The NHL organization, which is now run by the Canadian businessman’s family, has engaged in getting the sale process started. The Senators have hired financial services firm Galatioto Sports Partners to help arrange the sale. The team has not commented on the matter. However, Senator’s founder Bruce Firestone is hopeful there will be new ownership. “With the team on the upswing, there will likely be quite a bit of interest,” he told CBC. “My hope is that a local group will take over and I’ve spoken with …

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