Ottawa Senators announce completion of 135 million financing | MOD warning post #303

[PeterSidorkiewicz]

I drink a 40 in the parking lot and have a burrito before pro sports games, the way they were meant to be attended.

 

[PeterSidorkiewicz]

Do we not have an Around the NHL thread anymore? Old one is locked.

Anyway, congrats Melnyk, we may have found a bigger POS owner than you!

https://deadspin.com/the-hurricanes-new-owner-got-rich-off-subprime-loans-1822129399

 

[Yak]

I may be off base here but the once successful EM , is no longer as successful as he once was and cash strapped and running this team on tight budget because he really can no longer afford to run a successful NHL team. He just does not have the cash flow and his poor decisions becuase of that created a worse business at the end of the day.

I am sure he has some investments but I am pretty sure their is no other owner in the league who their full-time job and income is based only on a NHL team. They have successful businesses they run and hockey team is more of a side business and luxury and some make them money and for some are more of toy for them.EM needs to get a job....jk...

EM has no business owning a sports franchise anymore, he is not in fincial position to do so and is obvious by consistently meddling in team operations that he has no business getting involved with if he wants a successful sports franchise.

He has created the mess the team is in 110% , he is running it like a small business and micro managing the team and slashing costs right and left to the point the business can not run successfully anymore.

I have never ran sports franchise before I have owned several businesses and can tell you a lot of business decisions made by him are that of a owner that can no longer afford to run this business properly. Without going into specifics EM is on the road to being forced to sell this team sooner then later.

This latest round of refinancing is clear signal team is cash strapped and leavarged beyond EM's means. I would not be superised if the financials are much worse then we know.

I am going to say EM will not be the sole owner of this team for much longer , is obvious with poor decision making based on limited finances that he can continue at this rate.

EM is better fit to own a AHL team in his current financial situation , he needs to realize the good oled days are long gone and is time to sell and enjoy rest of his life before stress of trying to keep his head above water running a NHL team catches up to him.

 

[Do Make Say Think]

Do we not have an Around the NHL thread anymore? Old one is locked.

Anyway, congrats Melnyk, we may have found a bigger POS owner than you!

https://deadspin.com/the-hurricanes-new-owner-got-rich-off-subprime-loans-1822129399

What a great guy haha

 

[Nac Mac Feegle]

Do we not have an Around the NHL thread anymore? Old one is locked.

Anyway, congrats Melnyk, we may have found a bigger POS owner than you!

https://deadspin.com/the-hurricanes-new-owner-got-rich-off-subprime-loans-1822129399

Is there anyone on the planet who became a billionaire without stabbing someone in the back, or inheriting their wealth (in which case, their ancestors stabbed people in the back instead)?

 

[Ray Kinsella]

Is there anyone on the planet who became a billionaire without stabbing someone in the back, or inheriting their wealth (in which case, their ancestors stabbed people in the back instead)?

In an attempt to justify not generalizing, the only thing I could come up with was: winning the lottery. But, even that didn't work really...

 

[PeterSidorkiewicz]

Is there anyone on the planet who became a billionaire without stabbing someone in the back, or inheriting their wealth (in which case, their ancestors stabbed people in the back instead)?

Bill Gates? I’m sure the number is really really low.

 

[topshelf15]

Tick tock.....finish crossing the T,s and dotting the I,s already and finish the sale already

 

[Que]

Is there anyone on the planet who became a billionaire without stabbing someone in the back, or inheriting their wealth (in which case, their ancestors stabbed people in the back instead)?

Well - not really a billionaire but Paul Newman has donated over a billion dollars through his charities.

Warren Buffet would be my next guess - but some of his shrewed financial decisions have likely been devastating for some.

In ten years if things keep going the way they are I'd imagine Steph Curry will be a billionaire. And he looks like a guy you could smash some beers and mash some sticks with (video games).

 

[Mingus Dew]

Bill Gates? I’m sure the number is really really low.

I mean he definitely screwed a lot of people over.

Pirates of Silicon Valley is a fun movie.

 

[mysens]

Is there anyone on the planet who became a billionaire without stabbing someone in the back, or inheriting their wealth (in which case, their ancestors stabbed people in the back instead)?

Jeez, your posts seem to wreak of jealousy and outrage for real people in the business world. News flash.....being successful will have some collateral damage and incidents along the way. Just the way business has been from the dawn of time.

 

[Nac Mac Feegle]

Jeez, your posts seem to wreak of jealousy and outrage for real people in the business world. News flash.....being successful will have some collateral damage and incidents along the way. Just the way business has been from the dawn of time.

*yawn*

Your shtick is getting really old.

 

[PeterSidorkiewicz]

Of course mysens is going to defend the guy who built his money by intentionally targeting the poor with predatory practices. There’s being a minor POS and then being a major POS, the Canes owner Probably falls into the major category.

Next he will defend the rich people who go to Africa to shoot a giraffe in the face and take a picture with it by saying how the country gets money from it.

 

[Gil Gunderson]

Jeez, your posts seem to wreak of jealousy and outrage for real people in the business world. News flash.....being successful will have some collateral damage and incidents along the way. Just the way business has been from the dawn of time.

Shocker. Never would have expected this from you.

 

[Samboni]

Next he will defend the rich people who go to Africa to shoot a giraffe in the face and take a picture with it by saying how the country gets money from it.

I hunt, but the African safari hunt isn’t my thing. As much as the thought of shooting a giraffe, zebra, etc may be distasteful, the fact is that hunting these animals makes them valuable and therefore ensures their survival and generates wealth for local communities. Unless there is a financial incentive to preserve these animals, the locals will not protect them as they are considered as food, threats to their safety, or competition for food and space. Until joe-tourist is prepared to ante up and drop $15-20k (plus airfare), hunting will continue to be the primary tool that will ensure these animals are preserved. It’s ironic, but a fact.

 

[PeterSidorkiewicz]

I hunt, but the African safari hunt isn’t my thing. As much as the thought of shooting a giraffe, zebra, etc may be distasteful, the fact is that hunting these animals makes them valuable and therefore ensures their survival and generates wealth for local communities. Unless there is a financial incentive to preserve these animals, the locals will not protect them as they are considered as food, threats to their safety, or competition for food and space. Until joe-tourist is prepared to ante up and drop $15-20k (plus airfare), hunting will continue to be the primary tool that will ensure these animals are preserved. It’s ironic, but a fact.

I am not anti hunting and I know the “rationale” behind these African hunts but there are better ways. I think you’re going to start to see it change in the near future but who knows I could be wrong.

I do have a problem with the small dicked big game hunters who head to Africa and pay 25k to shoot a giraffe in the face while he’s walking around a preserve and then try post their dumbass photo of it to social media.

I prefer the stories where the lion ends up mauling that to death.

Okay way far off topic.

 

[Samboni]

I am not anti hunting and I know the “rationale” behind these African hunts but there are better ways. I think you’re going to start to see it change in the near future but who knows I could be wrong.

I do have a problem with the small dicked big game hunters who head to Africa and pay 25k to shoot a giraffe in the face while he’s walking around a preserve and then try post their dumbass photo of it to social media.

I prefer the stories where the lion ends up mauling that **** to death.

Okay way far off topic.

There’s common ground between us... back to bitching and moaning about the state of affairs of the Sens.

 

[coladin]

I am not anti hunting and I know the “rationale” behind these African hunts but there are better ways. I think you’re going to start to see it change in the near future but who knows I could be wrong.

I do have a problem with the small dicked big game hunters who head to Africa and pay 25k to shoot a giraffe in the face while he’s walking around a preserve and then try post their dumbass photo of it to social media.

I prefer the stories where the lion ends up mauling that **** to death.

Okay way far off topic.

Hate to continue off-topic but wasn't said giraffe killing younger giraffes ?

I am not a hunter btw, but read that somewhere...

 

[mysens]

Of course mysens is going to defend the guy who built his money by intentionally targeting the poor with predatory practices. There’s being a minor POS and then being a major POS, the Canes owner Probably falls into the major category.

Next he will defend the rich people who go to Africa to shoot a giraffe in the face and take a picture with it by saying how the country gets money from it.

It wasn't a ponzie scheme, nor was it against any rules or regulations that govern that type of business in the financial world. This guy and only this guy had big enough balls to risk his net worth and start this. What's the problem with that. Risk and reward my friend. You obviously do not fall into that line of thinking.

 

[Slack]

It wasn't a ponzie scheme, nor was it against any rules or regulations that govern that type of business in the financial world. This guy and only this guy had big enough balls to risk his net worth and start this. What's the problem with that. Risk and reward my friend. You obviously do not fall into that line of thinking.

You really should have the Monopoly guy as your avatar.

 

[Deku]

It wasn't a ponzie scheme, nor was it against any rules or regulations that govern that type of business in the financial world. This guy and only this guy had big enough balls to risk his net worth and start this. What's the problem with that. Risk and reward my friend. You obviously do not fall into that line of thinking.

You heard it here first folks, if there is currently no rule against something, you can't argue for it being morally questionable!

 

[Ouroboros]

I hope Martin Shkreli buys the team once he gets out of the clink.

 

[Knave]

I hope Martin Shkreli buys the team once he gets out of the clink.

He really looks like a trailblazer now that we have guys like Ford and Trump being elected. Apparently a large enough minority loves guys who act like assholes.

 

[Mingus Dew]

It wasn't a ponzie scheme, nor was it against any rules or regulations that govern that type of business in the financial world. This guy and only this guy had big enough balls to risk his net worth and start this. What's the problem with that. Risk and reward my friend. You obviously do not fall into that line of thinking.

The payday loan industry, for an example, is full of shady characters that aren’t breaking any laws.

 

[Knave]

The payday loan industry, for an example, is full of shady characters that aren’t breaking any laws.

Yeah I'm not sure we should celebrate duping poor people into signing terrible deals.

There are laws to prevent people preying on the elderly with bullshit contracts. Someone who's poor, without a good education and struggling probably won't understand much more than an elderly man/woman being aggressively pushed into a bad contract.