The Ottawa Senators confirmed Monday night a lawsuit launched by Capital Sports Management Inc. (CSMI) against former partners in the LeBreton Flats project…
“All the parties involved in this matter have reached an out-of-court settlement,” the club said in a statement before facing the Anaheim Ducks at the Canadian Tire Centre. “CSMI will not comment further.”Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
The matter was scheduled to go to court after CSMI and the Trinity Development Group launched lawsuits against each other after a bid to redevelop LeBreton Flats fell through in 2018. Deputy commissioner Bill Daly told reporters at the NHL’s board of governors meetings in Palm Beach, Fla. Monday that there has been plenty of interest from groups interested in purchasing the Senators from the Melnyk family.Article contentDaly said he’s not surprised there’s been so many groups investigate the possibility of purchasing the Senators.
OTTAWA – June 23, 2022 – The National Capital Commission signed a Memorandum of Understanding with Capital Sports Development Inc , a group led by the Ottawa Senators for the development of a major event centre at LeBreton Flats. National Capital Commission/PopulousDaly added: “Everybody knows what the rules of the game are, which is this team is staying in Ottawa and you’re looking to purchase this team and operating in Ottawa.
Right now, interested parties are pouring through the club’s books using a website set up by GSP that opened in early December. In the coming weeks, potentials buyers will be asked to submit bids and sources have suggested there could be as many as five or six.Article content
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Capital Sports, Trinity settle LeBreton Flats lawsuitA years-long legal dispute between a company owned by late Senators owner Eugene Melnyk and a prominent developer over an ill-fated bid to redevelop LeBreton Flats has been settled, CTV News has learned.
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GARRIOCH: Capital Sports settles lawsuit over LeBreton Flats with Trinity DevelopmentsThe Ottawa Senators confirmed Monday night a lawsuit launched by Capital Sports Management Inc. (CSMI) against former partners in the LeBreton Flats project…
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