TheFourthPeriod.com (Avent Media Group Inc.) and the Senators

(The Fourth Period.com) Avent Media Group Inc., owners and operators of The Fourth Period have announced their intention to bid for the Ottawa Senators. The Senators filed for bankruptcy protection January 9th and will be sold at auction on January 24th.

Avent Media will seek to purchase the restructured team and keep them in the city of Ottawa. The company has opened the bid to the public, and is seeking to raise CDN$60 million.

For more information, visit www.thefourthperiod.com


(The Fourth Period.com) Avent Media Group Inc., owners and operators of The Fourth Period have announced their intention to bid for the Ottawa Senators. The Senators filed for bankruptcy protection January 9th and will be sold at auction on January 24th.


Avent Media will seek to purchase the restructured team and keep them in the city of Ottawa.



http://buythesens.fourthperiod.com/


 



28 Responses to TheFourthPeriod.com (Avent Media Group Inc.) and the Senators

  1. titans says:

    Christ…you thought Peroni was on a power trip before???

  2. big_booty says:

    Peroni? On a power trip?

    No, I just can’t believe that. It’s not true. It can’t be.

    Next thing you know, he’ll start rooting for the New York Rangers. How frightening!

  3. Robert says:

    a little confused…who owns fourth period? like user name wise here?!?!

  4. titans says:

    It’s owned by some media group company…but our very own and beloved Mikster is a writer for the site.

  5. pantherboy says:

    AHAHAHA, OH man that is so funny! I am almost crying I’m laughing so hard. Ah man, Micki “Power Trip” Peroni, haha

  6. titans says:

    Can we buy the Buffalo Sabres?

  7. pantherboy says:

    Why buy the Sens, when……YOU CAN BUY THE SABRES!!!

  8. pantherboy says:

    You stole my damn joke!

  9. Robert says:

    they want a good team.

  10. titans says:

    Weak pantherboy…stealing my lines…weak

  11. mikster says:

    I think a Canadian media company would be more interested in a Canadian team also because of the USD currency.

    Avent wants to make a bid for it. That’s it, not much else to it. I am very interested and a shame that i’ve been screwed financially in only 3 years. I will participate in this, but i wish i could do triple of how much i would participate in it, had i not been screwed.

  12. titans says:

    How have you been “screwed financially”?

  13. Heinzee57 says:

    Now why should we believe this??

    The Fourth Period.com writes more fiction than Stephen King.

    I think this is a rumor.

    Q. Would it be a good deal to buy 286 million of debt for 60 million CDN???

    I need to know.

    57

  14. mikster says:

    Well that’s personal stuff there, but here’s my advice. You should never trust any true experts that help you with your money.

  15. mikster says:

    Ummm, Avent Media Group Inc. owns TFP. And they were first to report about Hartley and he will be the coach. Was it “fiction” in the end as everyone criticized? No…..

  16. rojoke says:

    In bankruptcy, you don’t buy the debt, only the assets.

  17. rojoke says:

    If it’s personal stuff, why bring it up in the first place?

  18. mikster says:

    like saying, i broke my leg, someone asks you how and you don’t want to tell how.

  19. titans says:

    He’s Italian, thers money involved…you do the math.

  20. mikster says:

    Hehe…..watch it.

  21. MossRocks says:

    Hey, you used the leg-breaking analogy…

  22. nskerr says:

    Not for nothing, but at $65 US per share, you will have thousands of owners who will have to vote for a board of directors. How would any profit be distributed? Are the Sens going to be a publically traded company ala the Green Bay Packers or Boston Celtics? As soon as the team starts to lose, everyone will sell and the value of the shares will drop putting the team in financial jeopardy once again. Just move them.

  23. Heinzee57 says:

    Rojo,

    But all the debt isn’t forgiven. If it were that simple, I would have bought Worldcom 6 months ago.

    What assets do the “owners” posess?? The Corel Center?? From what I’ve read, 180 mil of the debt is facility related??

    Are there any liquid assets associated with the Ottawa Senators?

    I believe what is for sale is a portion of ownership that will allow new outside capital in to buy some time while they restructure their debt under the protection of Chapter 11. i.e. See Mario Lemieux

    This problem isn’t going away and Bettman has allowed this to happen in order to strenghten his position for the upcoming CBA negotiations with the NHLPA.

    All Canadian teams who try to compete financially will end up in the same position. The NHL must do something to level the playing field or all Canadian teams will have to give up their talent every few years.

    57

    Mickster, just busting you buddy….

  24. nskerr says:

    I propose that Islander fans and players buy shares in the Sens and have them miss all of the games against the Isles since the Isles haven’t beaten them since like 1996.

  25. mikster says:

    Oh come on….fine!

    I broke my bicycle and i don’t want to say how.

    THERE!!! hehe

  26. rojoke says:

    Here’s how I understand bankruptcy law. The creditors don’t think their gonna get paid, so they bring legal action before the shareholders can liquidate the assets. All assets are frozen, while still permitting the company to function. The creditors decide if they want to get their money now, or re-negotiate for future payment. If they want their money now, the assets are sold, i.e. Enron, either in tact or broken up. If they are willing to wait, then it’s up to the creditors to agree on new repayment terms.

    But based on the fact that Bryden is submitting a bid to buy a team that he already is majority owner of, that leads me to believe that the creditors are not willing to wait for repayment. If that’s the case, then when all is said and done, a lot of creditors, specifially the unsecured creditors, are gonna take a bath.

    If I’m incorrect on any point, please feel free to rebut. It’s been a while since I took business law.

  27. rojoke says:

    I don’t think the Packers are a publically traded company. I thought they were a community-owned by the people of Green Bay. But it worked for years for the Leafs when Ballard was around. Well, sort of.

  28. rojoke says:

    It’s not like breaking your leg. If you broke your leg and we met on the street, I’d see either a cast or crutches, but it would be self-evident. Without you mentioning it, no one would know anything happened between you and Avent. I’ll still wonder why you thought it was worth mentioning, but I’ll respect your right to keep it private.

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