Monday, March 24, 2008

Senators owner in trouble?

Biovail founder and Ottawa Senators owner Eugene Melnyk appears to be in trouble again with securities regulators. Securities regulators in both Ontario and the U.S. have charged Mr. Melnyk and three other former Biovail officers with accounting fraud. Without admitting or denying the allegations, Biovail agreed to pay a $10-million penalty, but the payment does not settle the charges against Mr. Melnyk and the other three former Biovail officials. Brochu's take: These are pretty serious allegations. The worst case scenario is that the NHL may force Melnyk to sell the Senators. Source

The Ottawa Senators have signed free agent forward Jesse Winchester to a one-year contract. Brochu's take: The Senators are hoping he could become another NHLer from Colgate University, just like St. Louis Blues forward Andy McDonald. Source

According to the Camden Courier-Post, Philadelphia Flyers GM Paul Holmgren have begin contract negotiations with forward Jeff Carter, who is due to be a RFA on July 1. A new contract is not imminent. Brochu's take: Carter could easily receive offer sheets from teams looking for a 23-year old power forward with 28 goals. Look for a deal to be in the $4-4.5 million dollar range. Source

Brochu's European rumor roundup:

According to Russian website, Alexei Cherepanov will stay with Avangard Omsk for one more year before joining the New York Rangers. Brochu's take: Cherepanov could benefit with another year in the RSL (or the new KHL).

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