Toronto-based billionaire Steve Apostopoulos has withdrawn his name from the bidding process to buy it senatorsThe Ottawa Sun reported on Friday
According to the newspaper, Apostolopoulos notified authorities after becoming frustrated with ongoing negotiations with the Melnyk Estate, the NHL and Galatioto Sports Partners.
Apostolopoulos, who reportedly made the highest bid for the team at over $1 billion, is the founder of private equity firm Six Ventures Inc.
Michael Endlauer’s bid and a joint effort by Harlow Capital’s Jeffrey and Michael Kimmel are the only realistic options left to buy it, according to the newspaper. senators, The Ottawa Sun reported that the bid submitted by Los Angeles-based producer Neko Sparks “is underfunded and has no chance of winning.
Previous owner Eugene Melnyk died in March 2022, and his daughters Anna and Olivia Melnyk inherited the franchise. In November, the process for the sale of the team was initiated. Keeping the team in Ottawa is a precondition to any sale.
– Field Level Media