Monday, March 22, 2010

Euge Cashes Out

Senators owner Eugene Melnyk, no longer has ties to Biovail, one of the major companies that made him wealthy. According to a press realease, he has sold all remaining shares and given up trying to win the company back.

Maybe with the extra money he now has, maybe SBP can get hot water and a new scoreboard? It is 2010 after all, doesn't seem like we're asking for that much. Wishful thinking I suppose.

Thoughts?

2 comments:

Anonymous said...

Any idea if SBP + Ottawa sens make money ?? My guess is yes. I looked at some of the big acts coming to SBP along with the meteoric ticket prices. It seems like it.

The Mayor said...

I believe SBP is quite profitable, not so much the Sens but the other events it hosts.

I believe we have to have like 4 or 5 home games in the playoffs to turn a profit, otherwise it's about breaking even, though all the revenue from the concerts etc make up for it and turns it into something like a 20 million profit a year if i remember correctly for Euge