Management Eugene Melnyk - Lawsuits, rants and more... Part Deux

Status
Not open for further replies.

Sensung

Registered User
Oct 3, 2017
6,101
3,357
TSN 1200 have his number blocked. Too many angry calls. :DD
The owner of the Sens blacklisting the hometown station is not a humourous situation.

It does reveal how petty and thin skinned this fool is via this attempt to punish them in spite of 1200's attempts to gloss over or downplay his numererous negative actions.
 

AchtzehnBaby

Global Matador
Mar 28, 2013
15,018
8,898
Hazeldean Road
The owner of the Sens blacklisting the hometown station is not a humourous situation.

It does reveal how petty and thin skinned this fool is via this attempt to punish them in spite of 1200's attempts to gloss over or downplay his numererous negative actions.

Sure. Makes sense.
 

BonHoonLayneCornell

Registered User
Oct 16, 2006
15,229
10,452
Yukon
Just what every Senators fan wants... to hear from the owner they all despise as they continue to be held hostage.

Gonna need at least my hourly wage to tune in to that asshole whining about how everything is everyone else's fault.
 

AchtzehnBaby

Global Matador
Mar 28, 2013
15,018
8,898
Hazeldean Road
Only caught the last part where he was talking about the next ten years....

I present to you a reading from The Book of Euge as paraphrased by yours truly.

  1. Coronavirus - safe in Barbados
  2. Team trip to Cali and the ones getting sick - bad luck
  3. Belleville - The AHL - Pleased with prospects -
  4. 5 or 6 prospects will move up to NHL
  5. Euge is excited - Fruits of the last 2-3 years
  6. Sens will be competitive next year for a playoff spot - the PLAN - team getting better
  7. Expects the team to resume play... Timing of draft lottery
  8. Euge can't wait for hockey to come back. He is into NASCAR and golf now... :tvhappy: - wants summer NHL hockey
  9. Draft --> so many moving parts - it's not going to be sorted easily. Expects some news soon. At least in June.
  10. Thinks Stanley cup will happen - he believes and he WILL bet you ANYTHING it will happen.
  11. As an AHL owner - the impacts - and the AHL decision will be made following the NHL decision. Only revenue for the AHL is from fans. It's a hard to tell what happens.
  12. Direct message to fans from Euge: 3 years of criticism for something that is extraordinary. Biggest rebuild in history. Is it the right plan?
  13. Be patient. There is a core group of fans that will have the opportunity to walk around proud as a Sens fan.
  14. Next year a competitive team. We are in to win championships
  15. This was the only way ...we figured out how to do this. Gut the team. Go all youth. Best possible prospects.
  16. He saw the billboards "melnykout ...this and that" We worked our butts off to get where we are.
  17. This will be the decade.



 
Last edited:

BonHoonLayneCornell

Registered User
Oct 16, 2006
15,229
10,452
Yukon
He's still full of it I see. "We're gonna win championships!"

Hard to do that when you always prioritize the bottom line above any and everything else, no matter what and fire anybody that ever asks real questions.

He certainly deserves no credit if they ever did. Hopefully the fans dont just buy back in. f*** this guy.
 

IranCondraAffair

Registered User
Mar 10, 2006
9,258
3,956
I've been an Ottawa fan for a long time. I got a lot more time for Melnyk than most since the team could have legitimately folded before he bought it. He's also taken on a lot of debt in years of contention. He's also been burned by some seasons where we spent a lot, went nowhere, and didn't do a fire-sale at the deadline to save some money.

That said, the downtown area thing is the stuff of dementia and he's always been a bit of a con artist so I don't believe him when he says he'll spend money when we're in contention.
 

BonHoonLayneCornell

Registered User
Oct 16, 2006
15,229
10,452
Yukon
The team hasn't been able to spend competitively for many years now, they're saddled with so much debt, and the cap has risen to the point of almost squeezing them out, a new arena is out of the question, so I really fail to see how that's magically going to change. He's already said nothing will be spent that isn't justified by the bottom line, so where is it going to come from?

Focusing all their energy and assets on cap circumvention like last summer isn't enough to balance it out.
 

Sensung

Registered User
Oct 3, 2017
6,101
3,357
What an absolute moron.

Goes on the competition's Toronto station and continues to ignore his Ottawa based broadcast partner.

Claims this was a 3 year plan, but has been telling fans they made legitimate offers to all of the stars that left. Which is the truth con man because only one can be true?

3 years of "Hard Work? Implementation of a financially motivated firesale is not hard work. Sell off all your assets and scrounge around for injured player contracts to circumvent the cap floor. (Spend some assets to get this done)

Scuttles the downtown arena plan because you don't have the $ to hold up your end and couldn't con any partners into paying your share.

Acts like Sens fans are rubes who will fall for his promises of future spending. Sorry Eugene, that ship sailed when you broke the "spend when the time is right" vow from the last "rebuild".

Continues to embarrass himself and by extension the franchise with casino and pilot lawsuits.

Acts like the criticism leveled at him is unwarranted and the fans who boycott him are disloyal to the team.

Fires the only staffer to accept blame for the mistakes they made.

Just go away you lying sack of crap.
 
Last edited:
  • Like
Reactions: branch

Crosside

Registered User
Aug 1, 2018
4,724
1,842
Just listen all the interview. He don’t said nothing that I will be shy that he is ours owner. I think he started to learn like Dorion how to make interview lol
 

Runback

Registered User
Jul 26, 2014
123
76
I see no problem with the interview. I'm hoping for the same things he stated.
 

IranCondraAffair

Registered User
Mar 10, 2006
9,258
3,956
Utter fake news there.
They were bankrupt. I'm not talking bankrupt in the sense they owed a lot of money, I'm talking about being in bankruptcy protection and needed a judge to let them sign players. They had to get emergency financing from the NHL
They owed 160M in 2003 dollars
They weren't paying rent and had defaulted on loans
Players had, at some points, deferred salary so the team could make trades and sign players.
The NHL solicited interest for dozens of investors but they all refused.
Melnyk ended up buying the team for a bargain basement price of 93M because he was the only one willing to do so. From what I recall, other investors the NHL had pitched had been wanting to move the team to other markets.

Melnyk isn't the only reason it stayed. It took a huge drive of interest from the fan-base (and a President's Cup winning team) to make the team viable to investors to keep them local.

In 2003 there was no certainty the Canadian dollar wouldn't fall again and the team wouldn't continue to be deeply unprofitable. It is easy to look at the team now and say what a great deal Melnyk got it for, but at the time, it wa smuch riskier than we acknowledge.
 

Nac Mac Feegle

wee & free
Jun 10, 2011
34,828
9,251
Yeah....while I do like our group of kids and the two (hopefully) top 5 picks coming...that isn't near enough talent to make a championship team. Hell, it isn't even close to being a playoff roster for the next few years.

If Melynk is wiping his hands thinking the rebuild is just about done, then we are in one hell of a lot of trouble.....
 
  • Like
Reactions: Cosmix and Bileur

Masked

(Super/star)
Apr 16, 2017
6,339
4,564
Parts unknown
They were bankrupt. I'm not talking bankrupt in the sense they owed a lot of money, I'm talking about being in bankruptcy protection and needed a judge to let them sign players. They had to get emergency financing from the NHL
They owed 160M in 2003 dollars
They weren't paying rent and had defaulted on loans
Players had, at some points, deferred salary so the team could make trades and sign players.
The NHL solicited interest for dozens of investors but they all refused.
Melnyk ended up buying the team for a bargain basement price of 93M because he was the only one willing to do so. From what I recall, other investors the NHL had pitched had been wanting to move the team to other markets.

Melnyk isn't the only reason it stayed. It took a huge drive of interest from the fan-base (and a President's Cup winning team) to make the team viable to investors to keep them local.

In 2003 there was no certainty the Canadian dollar wouldn't fall again and the team wouldn't continue to be deeply unprofitable. It is easy to look at the team now and say what a great deal Melnyk got it for, but at the time, it wa smuch riskier than we acknowledge.

I am well aware of the situation. Bryden's whole house of credit cards came crashing down when Enron collapsed. Melnyk stepped in, boasted how he would not be out bid, and got the team for a relative song of $130M, not $93M, and the Senators debt went from $400M to $50M after Melnyk's proposal was accepted.

It was not a risky market. It was an undercapitalized business that was swimming in debt because Bryden bought the franchise with debt. It was obvious to everyone except dolts like Howard Bloom, the man who guaranteed the team was moving to Portland only to never be heard again on Ottawa radio afterward, that the team was in no danger of folding.
 
Status
Not open for further replies.

Ad

Upcoming events

Ad

Ad

-->