JOURNAL ARTICLE

Ryan Reynolds, Snoop Dogg, and other celebrities want to buy the NHL's Ottawa Senators. Here's why.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The article discusses the interest of several celebrities, including actor Ryan Reynolds and rapper Snoop Dogg, in acquiring a minority ownership stake in the NHL's Ottawa Senators, which could enhance the team's visibility and serve as a lucrative investment. The Senators are currently for sale following the death of former owner Eugene Melnyk, and the team is valued at $800 million. Experts note that celebrity involvement in sports ownership can lead to increased interest and financial returns, with Reynolds planning to create a television series about the team. Snoop Dogg aims to promote hockey among Black youth in the U.S. The deadline for final non-binding offers is May 15. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/05, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2023
  • Accession Number:163701169
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