The parent company of the Ottawa Senators says it’s completed a $135-million debt financing agreement with a syndicate of financial institutions.
Capital Sports Holding says the proceeds will be used to “pursue growth, serve general corporate purposes and to replace existing debt.”
While the financial deal has likely been months in the making, its closing comes on the heels of the club’s hiring of a new chief operating officer, Nicolas Ruszkowski.
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Advertising or posting a job opportunity is about to get more complicated for many local organizations with 25 or more employees. That’s because of a slew of updates to Ontario’s
‘Prenup of business law’: Reasonable expectations in shareholder disputes
The scenario: You’re a 60 per cent shareholder. Your business partner holds the other 40 per cent. And you’ve just found a third party who wants to buy you out.
The veteran communications and marketing expert is tasked with boosting the team’s bottom line and enhancing its market presence.
The Senators struggled mightily both on and off the ice last season, struggling to attract fans to the Canadian Tire Centre for games. The team announced earlier this year that it would lower parking fees and remove tarps from the upper bowl of the arena in an attempt to boost attendance.
