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Critics blast tax breaks in Senators sale.

The Daily Deal

| February 15, 2003 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Byline: Laura King in Toronto

Politicians are unhappy over a deal that would use public money to keep the Ottawa Senators in the Canadian capital.

Under a proposal announced Feb. 10, the bankrupt National Hockey League franchise would be sold for C$175 million ($115 million) to a limited partnership, which would turn around and sell units to investors.

But the transaction's C$69 million in tax breaks for the investors have generated calls from opposition members of Canada's Parliament to nix the deal.

Even Progressive Conservative leader Joe Clark, whose sister is married to the hockey team's head coach, Jacques Martin, opposes the plan. …

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