Is change coming to Canada’s capital?

According to Postmedia’s Bruce Garrioch, the Ottawa Senators have retained New York-based investment bank Galatioto Sports Partners to help facilitate the sale of the team.

Garrioch said the team is expected to remain in Ottawa, despite the potential sale. The Senators are owned by Olivia and Anna Melnyk, the daughters of Eugene Melynk who passed away in March.

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The report comes hours after Sportico first reported the potential sale along with its 32-team franchise valuations. The Senators placed 27th with a $655 million valuation. According to Garrioch, that number could be higher if the team gets sold.