OTTAWA - The board of directors of Senators Sports & Entertainment announced today that a process has been initiated for the sale of the Ottawa Senators Hockey Club. Galatioto Sports Partners, an industry-leading firm in the sports finance and advisory business, has been retained as its financial advisor.
Statement from Sheldon Plener, chairman and governor of the Ottawa Senators:
"Galatioto Sports Partners has been retained as financial advisor and a process has been initiated for the sale of the Ottawa Senators Hockey Club.
This was a necessary and prudent step to connect with those deeply interested parties who can show us what their vision is for the future of the team.
A condition of any sale will be that the team remains in Ottawa.
The organization will have no further comment on this process at this time."
About the Ottawa Senators
One of seven NHL franchises based in Canada, the Ottawa Senators returned to the league in 1992 following a 58-year absence. Ottawa won 11 Stanley Cups during its original reign from 1903 to 1934. The modern-day Senators have captured four titles in the Northeast Division and a Presidents' Trophy in 2002-03. Since 1992, the Senators together with its foundation, alumni, partners and fans have contributed more than $100 million to community initiatives in the National Capital Region.
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