Found August 16, 2013 on Pro Sports Daily:
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At Manhattan’s $400-a-night Sofitel Hotel just a few minutes’ stroll from Times Square time was running out. NHL Commissioner Gary Bettman left an abbreviated negotiating session with the players’ union representatives in a determined abrasive mood. It was Aug. 9 2012. If there was no deal on a new contract by Sept. 15 Bettman said the players would be locked out. There would be no season. The owners — many of them self-made billionaires — wanted a bigger share of the league’s revenues. Indeed they saw this round of bargaining as crucial for creating profitable team operations. But there were a few owners who also viewed the upcoming deadline with something approaching alarm. Eugene Melnyk for one. The proprietor of the Ottawa Senators since 2003 Melnyk had seen his once-staggering wealth — more than $1.5 billion when he bought the team and arena — shrink significantly. The pharmaceutical entrepreneur is still by any ordinary standard immensely wealthy. But his diminished fortune ...
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