Ryan Reynolds, Remington Group will not move forward with Ottawa Senators ownership bid | TSN

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Report: Reynolds group bows out of Sens bidding. MORE:

"I am trying to [buy the team]; it's very expensive, so I need a partner with really deep pockets," Reynolds said to Fallon."It's called a consortium, when you form a group to buy an entity, and it's such a fancy way of saying, 'I need a sugar mommy or a sugar daddy,' and if that doesn't happen, I'll buy a U.S. senator, which everyone can afford."The Remington Group is a Markham, Ont.-based real estate consortium.

of the Senators was at $655 million , but the initial Remington bid was believed to have been over $1 billion. Other bids, including those with Snoop Dogg and The Weeknd as investors, are expected to move forward. Longtime Senators owner Eugene Melnyk died in March of 2022 at the age of 62. His estate confirmed plans to sell the team last fall.

 

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