AchtzehnBaby
Global Matador
So very smart of Eugene to address his fanbase via a Toronto radio station.
He's really changing his ways!!!
TSN 1200 have his number blocked. Too many angry calls.
So very smart of Eugene to address his fanbase via a Toronto radio station.
He's really changing his ways!!!
The owner of the Sens blacklisting the hometown station is not a humourous situation.TSN 1200 have his number blocked. Too many angry calls.
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.
The real reason the franchise is a laughingstock.Looking forward to yet another asinine statement or two from this absolute buffoon, that's all hes worth....a laugh!
The real reason the franchise is a laughingstock.
Just one.There are a few reasons.
That's for sure.
So very smart of Eugene to address his fanbase via a Toronto radio station.
He's really changing his ways!!!
And not just a Toronto station but the competitor to the station owned by his regional broadcast partner.
Im 100% of the belief that the Sens will be sniffing around for some kind of league bail out package ,financially speaking .
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.
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 NHLUtter 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.