Jesus people, why do you keep talking about Melnyk and him losing money on the Sens. The OTTAWA SENATORS and CTC do no lose money, they turn a profit almost every year. Now, how Melnyk and his creative accounts want to recognize revenue's and expenses is totally up to them.
How much money does Melnyk make off the capital tickets fees for Sens games? You can play with the numbers, record revenues in other places, expenses under the Sens and boom, you have a big loss each year. He could easily be making the 10 mil he claimed he lost last year if he reports it a certain way.
People still fail to acknowledge that Melnyk's other business' are hurting, he can't develop his land, and he's using the Sens as a whole for leverage against the city. Alfie leaving town was a shot across the bow, Melnyk flexing his muscle to put people in a panic and clearly it worked. The guy may refuse to spend money out of spite, we'll see but the Sens are in no trouble financially... again, THE OTTAWA SENATORS MAKE MONEY.