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(Though only four NHL clubs have more salary cap space than Ottawa’s $8.2 million, beyond a payroll of about $57 million, Melnyk said his team is “already over budget"Melnyk stressed the point he believes Ottawa is a “price-sensitive market” but also shooed away questions about possibly relocating the team to help fix that “problem.”) I took this from an article from Pro Hockey Talk NBC
I thought Pan exposed his creative accounting in the last podcast, I wish he would STF up about his finances. If he can't get the casino deal then I wish he would just sell and go retire in luxury in the Bahama's and let someone else buy this team. Doesn't that Blackberry guy still want a team :-)
he never talked about all these problems until he ran into money issues. so euge, its not me, its you.
I have really developed a dislike for Melnyk over the last couple of years. He's an embarrassment.