Ryan Reynolds pulls out of buying new team after Snoop Dogg and The Weeknd bidding war

Reynolds and McElhenney, as a mark of celebration for Wrexham achieving promotion to the English Football League, recently treated the players to a luxury trip to Las Vegas. Work will now be underway looking ahead to Wrexham’s first season in the EFL after a 15-year absence.

Now that the primary aim of getting Wrexham promoted has been achieved, there has been talk that Reynolds could be in the market for buying a new team. The Hollywood A-lister was seemingly in the running to acquire National Hockey League team the Ottawa Senators.

However, according to a fresh report from ESPN, the bid from Reynolds to buy the Senators will no longer be going ahead. The NHL have declined to comment on the potential deal but multiple sources indicate he is out of the running.

Reynolds has been linked with a potential bid to buy the Senators for several months, which was led by real estate developer Remington Group. It is claimed that the Hollywood actor requested an exclusive window to complete the purchase of the NHL team, which was later denied, leading to him pulling out of the race to complete a takeover.

The Senators have been up for sale since being formally announced in November, shortly after the death of owner Eugene Melnyk. Melnyk had owned the Senators since 2003, and the announcement of the sale process has led to plenty of interest from a number of possible investors.

Famous rapper Snoop Dogg recently announced that he will be part of a bid to buy the Senators, led by Los Angeles-based businessman Neko Sparks. He is not alone, though, with a report in the Ottawa Sun claiming that singer The Weeknd joining up with Toronto billionaires Jerrfey and Michael Kimel, to potentially buy the NHL team.

Forbes recently put a valuation of $800m (£640m) on the Senators. It was only in December when the NHL commissioner Gary Bettman confirmed that he had a meeting with Reynolds over his interest in becoming the owner of the Senators.

"[Reynolds] very much impressed us," said Bettman, at the NHL's board of governors meetings before the New Year. "If we can figure out a way to have him included, I think that would be great for the Senators and great for the league."

The deadline for interested parties to submit final non-bidding offers is on May 15. However, it seems that Reynolds will no longer be in the running to acquire a second team just a couple of years after the purchase of Wrexham.

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