Eugene Melnyk
FameRank: 6

"Eugene Melnyk" is a Ukrainian Canadian businessman who has resided in Barbados since February 1991. He is the current and sole owner, governor, and chairman of the Ottawa Senators professional ice hockey Sports franchise#Structure of North American leagues/franchise of the National Hockey League (NHL). He is the founder, former chairman and chief executive officer/CEO of Biovail Corporation which was acquired by Valeant Pharmaceuticals. Canadian Business magazine ranked Melnyk 77th with a net worth of $1 billion on its 2014 list of Canada's 100 wealthiest people.

He is also one of the richest residents of Barbados.[http://www.nationnews.com/articles/view/melnyk-one-of-the-wealthiest/ Melnyk – one of the wealthiest - NationNews Barbados - Local, Regional and International News - nationnews.com][http://sites.securemgr.com/folder19576/index.cfm?fuseaction=browse&id=71&pageid=31 alpha services - Barbados]

More Eugene Melnyk on Wikipedia.

At $42.5-million, I cringed. We are at the absolute limit to keep the franchise economically feasible [at the $42.5-million cap].

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It's not a solution. It's a one-shot deal that doesn't work.

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Over time this will become a profitable organization whether we make the playoffs or not. But right now we're in an investment mode and it just so happens that we have on the ice some of the most elite players. Most teams don't have five or six elite players the way Ottawa does. For us to keep them and people waving around a lot of money, is tough.

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I think the best solution would be to get these 700 guys in a rink somewhere and get them to vote on this, individually and confidentially.

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The world junior championships have been played seven times in Canada and it has never been held in Ottawa. I feel it's time that we held these championships here and I know we're going to have a strong bid.

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When you've got these companies, these people out there trying to bring you down, we're lucky we survived.

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There?s a group of people that got together and essentially attacked the company by putting out false reports. And we?re just fighting back for our shareholders.

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This is the first year in a number of years that the fans can rely on the team being here.

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