Ryan Reynolds has been eliminated from the bid to purchase the NHL franchise Ottawa Senators, as reported by ESPN. The bid, led by developer Remington Group, had Reynolds as one of its participants. Reynolds had requested an exclusive window to finalize the deal, but the request was denied, leading him to withdraw from further bidding.
The deadline for the second round of bids is May 15.
Aside from Reynolds, other bidders for the franchise include rapper Snoop Dogg, who joined a consortium led by entrepreneur and film producer Neko Sparks. Front Office Sports reports that the final value of the deal could exceed $1 billion.
Previously, the long-time owner of the Ottawa Senators was businessman Eugene Melnyk. Following Melnyk’s death in March 2022, ownership of the club was transferred to his family. The franchise was put up for sale in November of that same year.
In December 2022, Forbes estimated the value of the Ottawa Senators at $800 million, while the previous year’s estimate was $525 million.