Have the Senators found a new OWNER?

Canadian billionaire confirms interest in Senators

TORONTO (AP) — A Canadian billionaire is interested in buying the Ottawa Senators.

Eugene Melnyk, head of a Montreal pharmaceutical firm and a prominent thoroughbred horse owner, acknowledged Friday he is looking into purchasing the Senators and the Corel Centre.

“Yes, I do have an interest in the Ottawa Senators,” Melnyk told Canadian Press.

The 42-year-old Toronto-born businessman declined further comment.

The Senators filed for bankruptcy on Jan. 9 with a debt of more than $160 million.

Former majority owner Rod Bryden submitted his offer to repurchase the club and the Corel Centre a week later, but that bid is still being negotiated with creditors.

Bryden expected that his offer would have been accepted or rejected on Jan. 24. It’s now expected the Senators owner will have an answer on his bid on Monday.

Bryden’s initial bid was to be considered exclusively before the team was put up for auction.

The Senators have a record of 32-14-6-1 for 71 points, one point behind league-leading Dallas, at the All-Star break.

http://sportsillustrated.cnn.com/hockey/news/2003/01/31/senators_buyer_ap/