Micklebot
Moderator
- Apr 27, 2010
- 53,645
- 30,810
From living in Ottawa for the past 35 years.
Threaten to move the team.
Bryden: many, many times
Melnyk: once
Get sued by partners, business associates directly involved with the Senators.
Bryden: yes
Melnyk: yes
Failed to make payroll for the players.
Bryden: yes
Melnyk: never
I don’t know either man personally, but neither is stacking up as a great team owner IMHO. If you think the guy who ran the team into bankruptcy is a great guy, then fine. He’s probably a wonderful person. I get that. But he wasn’t a great owner.
I don’t even know how this is a debate?
I guess the argument would stem from Bryden's financial crisis was the result of insumountable debt initiated by outside forces in a new gov't reneging on the prior gov't promises (bonk made a nice post summarizing this a while back) which threw the entire business plan out of whack before it even started. They had bought about 7 mil dollars in farm land (an additional 500 acres beyond the 100 used for the arena) that the gov't had promissed to rezone, which Terrace would have been able to develop and see the value increase by an estimated 10 to 15 fold. Then to top it off foot the bill for 30 mil in building and off ramp. So before you even have an arena you're down ~130+ mil from where you expected to be. Add to that ~50 mil expansion fee, 190 mil to build the arena, and you can see why the team struggled financially.
The difference being that Melnyk seems to have snookered himself, while Bryden (and Firestone for that matter) had the legs chopped out from underneath them. On the other hand, in Melnyk's defense, the team hasn't gone into bankrupcy protection.