BREAKING: Canadian NHL Franchise Officially Open For Bidding For New Owners

There have certainly been ups and downs over the years regarding attendance issues for the Ottawa organization. Probably the biggest problem is their arena being over 20 kilometers away from Ottawa's downtown core in the city of Kanata.

Due to the interest of Hollywood superstar Ryan Reynolds in purchasing the Ottawa Senators through a consortium ownership group, the process has become very public. Following a meeting with the NHL commissioner and deputy commissioner, both men expressed interest in Reynolds joining this or another NHL ownership group.

Rumors have circulated that there are a few other potential owners. It is estimated that a potential sale could cost between 700 million and almost $2 billion.

A deal to be made is subject to two conditions, namely that the Ottawa Senators will not be moved from the city of Ottawa and a land deal will be struck and a new arena built on the LeBreton Flats in the downtown core.