There appears to be a bit of whisper campaign brewing regarding the Ottawa Senators’ financial/ownership status. At least that’s the impression I got after listening to the Fan 590′s Hockey Central after news broke that the New Jersey Devils might be facing bankruptcy.
You can listen to the banter between Doug MacLean and Nick Kypreos here, (start listening around 12:15 mark) but essentially MacLean implies that the Senators lost around $14 million last season and that’s the real reason behind their recent salary dump. Kypreos goes on to say there are rumblings that Senators owner Eugene Melnyk might be looking to cash out.
I asked someone with the team about it, but the Senators don’t comment on profit and losses as a rule.
Take it for what it’s worth at this point — off-the-cuff musings backed up by zero evidence.