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Eugene Melnyk

Eugene Melnyk
Born May 27, 1959
Toronto, Ontario
Residence Barbados
Occupation Businessman, Sports team owner, Racehorse owner
Known for Founder, Biovail Corporation/breeder, Philanthropist
Board member of Ottawa Senators, TOBA
Spouse(s) Laura
Children Anna, Olivia
National Turf Writers Association's Joe Palmer Award (2002)
Thoroughbred Owners and Breeders Association Owner of the Year (2005)
Sovereign Award for Outstanding Owner (2007, 2009)
Sovereign Award for Outstanding Breeder (2009)

Eugene Melnyk (born May 27, 1959) is a Ukrainian Canadian businessman who now resides in Barbados. He is the current owner, governor, and chairman of the Ottawa Senators professional ice hockey club of the National Hockey League (NHL). He also owns the Mississauga St. Michael's Majors junior-age ice hockey club. He is the former chairman and CEO of Biovail Corporation and former owner of Trimel Corporation.


Business career

In 1982, Eugene Melnyk founded medical publishing company Trimel Corporation, which was sold to Thomson Publications in 1989. Melnyk then founded Biovail Corporation, a specialty pharmaceutical company, in 1989. During his time as chairman and CEO of Biovail, revenues grew from $19 million in 1995 to $1.067 billion in 2006. Mr. Melnyk retired from his position as Chairman and CEO of Biovail on June 30, 2007.

Sports franchise owner

Melnyk's first sports franchise purchase was the St. Michael's Majors of the OHL, which he still owns. Until 2007, the club played at the St. Michael's Arena in Toronto, but has now relocated to Mississauga, Ontario. As there was a club already in Mississauga, the IceDogs, Melnyk purchased the IceDogs and resold them to move the Majors into the IceDogs home arena. The new ownership of the IceDogs has relocated the team to St. Catharines, Ontario and is now known as the Niagara IceDogs.

On August 26, 2003, Melnyk purchased the Ottawa Senators hockey club of the NHL and their arena, Scotiabank Place out of bankruptcy. He is the sole owner and holds the titles of governor and chairman.

On September 16, 2008, Melnyk proposed plans for an Ottawa Major League Soccer professional soccer team, and a new soccer-specific Ottawa Soccer Stadium.[1]

Thoroughbred horse racing

Eugene Melnyk is the owner of Melnyk Racing Stables Inc. and Winding Oaks Farm in Ocala, Florida, a 1,100-acre (4.5 km2) property on land that was formerly Tartan Farms and where such racing legends as Dr. Fager and Ta Wee are buried. His racing and horse breeding operations have more than 200 Thoroughbreds. All of the Melnyk racehorses are named after Barbados landmarks and carry the blue and gold national colours. Blue and gold are also Ukrainian national colours.

Melnyk was named a trustee of the New York Racing Association in August 2003, a position from which he resigned in January 2007. He currently serves on the board of directors of the Grayson-Jockey Club Research Foundation. Melnyk was a co-recipient of the National Turf Writers Association's 2002 Joe Palmer Award and has also been honored by the Thoroughbred Owners and Breeders Association as national owners of the year in 2005, and he formerly sat on the TOBA board of directors.

In 1998, his colt Archers Bay won Canada's most prestigious race, the Queen's Plate. Another highlight came in 2007 with the 3-year-old filly Sealy Hill, who became the first filly to win the Canadian Triple Tiara, which legs include the $500,000 Woodbine Oaks, the Bison City Stakes, and the Wonder Where Stakes, since the series was inaugurated in 1999. Sealy Hill was awarded with triple Sovereign Awards--3-year-old filly, turf female and Canadian Horse of the Year. Melnyk also was a recipient of his first Sovereign Award as top owner.

Top racehorses include champion sprinter Speightstown, winner of the 2004 Breeders' Cup Sprint, Marchfield (2007 Breeders' Stakes), Flower Alley (2005 Travers), Pool Land (2006 Ruffian), Marley Vale (Test), Tweedside (Coaching Club American Oaks), Bishop Court Hill (Carter), Harmony Lodge (Ballerina), along with other graded stakes winners Indian Vale, Gouldings Green, Strong Hope, Host, Fisher Pond, Lodge Hill, Bovell, Pico Teneriffe, and Graeme Hall. Owns a substantial quantity of bloodstock and is standing stallions in Florida and Kentucky, including Speightstown (at WinStar Farm), Strong Hope (at Claiborne Farm), and Flower Alley (at Three Chimneys Farm), and Graeme Hall. In 2009 Harlington will stand at Hill 'n' Dale Farms.

Business ventures

  • Providence Elementary and Secondary schools


Eugene Melnyk is an Honorary Director of "Help Us Help the Children" and a benefactor of Tourette Syndrome Foundation of Canada. Melnyk donated $1 million to the Belmont Child Care Association for the construction of a child care center at Belmont Park. Called Anna House, it is named after one of his two daughters and the center is the first facility in the United States to be located on the grounds of a racetrack. The center provides child care for all families who work at Belmont Park regardless of their ability to pay for services. Many of the children belong to grooms, exercise riders and other behind-the-scenes racetrack employees. [2] [3]

Legal Trouble

On February 1, 2008 it was revealed that Biovail Corporation was under investigation of a grand jury in the United States and may soon face criminal charges.[3] Allegations are that the company paid doctors incentives of up to $1000 to prescribe the Cardizem LA drug. It is currently uncertain whether Melnyk himself will be called to testify, or whether he will be personally named in the criminal charges because he held the position of Chairman and CEO at the time of the alleged crime. Melnyk has also been accused by the Ontario Securities Division of illegal activities for his part in the inflation of the cost of a truck which crashed carrying Biovail stock from an estimated value of $2–4 million to $10–20 million to cover up losses.[4][5]

See also

External links


  • Ottawa Senators Media Guide 2007-08. Ottawa Senators Hockey Club. 2007. 


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