Ottawa majority owner sells his share
Faceoff.com today is reporting that Ottawa Senators majority owner Rod Bryden has sold his share of the Ottawa Senators to a limited partnership group for $186.65 million. Bryden, however, will remain on to run the Senators as he had been doing prior to the sale.
He also holds a 10-year option under the sales agreement to buy the team back and stated that he plans to use that option.
How will this help the Senators? Well, the most important part for their fans is that it gaurantees that the Senators will remain in Ottawa. The rest is just speculation.