[27] Bryden then announced the sale of the club outright to a limited partnership in 2002 for CA$186 million, which would include creditors and Bryden himself. [27] The Senators entered bankruptcy protection in January 2003, owing CA$160 million for the club and CA$210 million for the arena. [28] The deal fell through in 2003, when American investor Nelson Peltz declined to get involved. [29] In August 2003, pharmaceutical billionaire Eugene Melnyk would purchase the club to bring financial stability for a reported CA$130 million.
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[120] The Senators would miss the playoffs again for the 2020–21 season, a season overshadowed by the COVID-19 pandemic. The young team played an all-Canadian shortened season, during which they had a poor record to start the season but finished the season with a strong stretch of play, inspiring some optimism for the future.
"Battle of Ontario is a lame name, no butts about it". National Post. pp. B16. ^ "Between Leafs and Dogs, fans savour hockey feast". The Hamilton Spectator. April 26, 2000. pp. A14. ^ Shoalts, David (April 19, 2001). "Toronto sweeps theories". pp. B1. ^ "Sens dump headache, get scorer". Sudbury Star. June 24, 2001. pp. B1.
B1. ^ a b MacGregor, Roy (August 18, 1993). "Exit the Dreamer; Why the Ottawa Senators' disillusioned founder sold out". p. A1. ^ Duhatschek, Eric (March 9, 2001). "Rent-a-player moves don't guarantee success". The Globe and Mail. Toronto. ^ Casey, Tom (October 4, 2001). "A decade of comings and goings: (Part 1): A guide to Senators, past and present, and what they're doing today: with files from Ken Warren". Ottawa, Ont. p.
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July 26, 1934. p. 12. ^ "St Louis Out of Title Hunt: League Buys Franchise Splits Players Among Remaining Eight Clubs". The Leader-Post. October 16, 1935. ^ Finnigan 1992, pp. pp. 196–197. ^ Mayoh, Rick (August 31, 1991). "HOCKEY: Bridgman at the helm; Senators plot NHL course with rookie general manager". Ottawa Citizen. p. G1.
^ a b "Sale will help keep Senators in Ottawa; Move won't result in cutting team's payroll, Rod Bryden says". The Record. Kitchener, Ont. January 9, 2002. p. C1. ^ Erwin, Steve (February 23, 2003). "Creditors agree to conditional sale of Ottawa Senators to Rod Bryden". Canadian Press NewsWire. Toronto, Ont. ^ Davidi, Shi (February 28, 2003). "Rod Bryden's deal to repurchase the Ottawa: Senators falls through; team back on market". Whitehorse Star. Whitehorse, Y.
The Senators would come within one game of the Stanley Cup Finals, but lost in double overtime of the seventh game of their Eastern Conference Final series against the Pittsburgh Penguins, who went on to win their second consecutive Stanley Cup. [107][108] Following their appearance in the Eastern Conference Final the previous season, the Senators lost defencemen Marc Methot to the 2017 NHL Expansion Draft. On November 5, 2017, the Senators conducted a blockbuster trade with the Colorado Avalanche, bringing in star-forward Matt Duchene from the Avalanche in exchange for Kyle Turris, Shane Bowers, Andrew Hammond, a conditional first-round pick in 2018 or 2019 and a third-round pick in 2019. Following the trade, however, the Senators season began to fall apart with a disastrous November road trip.
E3. ^ Casey, Tom (October 4, 2001). "A decade of comings and goings: (Part 2)". p. E3. ^ Warren, Ken (December 12, 1995). "Gauthier takes over Senators' helm". pp. C2. ^ MacGregor, Roy (January 25, 1996). "Promise and pain at the Palladium: Finally, Senators find the spark; Fans love new coach and his new ways". pp. A1. ^ a b Garrioch 1998, p. 227. ^ Panzeri, Allen (April 27, 2000). "Criticism stings Martin: Senators' coach defends club's playing style, coaching approach". pp. F1. ^ Feschuk, Scott (April 13, 2000).
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Rick Bowness was fired in late 1995 and was replaced by the Prince Edward Island Senators' head coach Dave Allison. Allison would fare no better than his predecessor, and the team would stumble to a 2–22–3 record under him. Sexton himself was fired and replaced by Pierre Gauthier, the former assistant GM of the Mighty Ducks of Anaheim team. [19] Before the end of January 1996, Gauthier had resolved the team's most pressing issues by settling star player Alexei Yashin's contract dispute, and hiring the highly regarded Jacques Martin as head coach.
T. p. 49. ^ "Billionaire Melnyk reaches deal to purchase Senators". The Gazette. Montreal, Que. April 28, 2003. pp. C2. ^ "Melnyk promises stable ownership: Purchase of Senators officially closed Tuesday". Packet and Times. Orillia, Ont. August 27, 2003. p. B2. ^ Warren, Ken (May 18, 2002). "Senators keep coach, but GM is leaving: Johnston opts to go". pp. S2. ^ Naylor, David (June 13, 2002). "Mlakar makes Muckler GM, best man".
[30][31] The 2001–02 Senators regular-season points total dropped, but in the playoffs, they upset the Philadelphia Flyers for the franchise's second playoff series win. The Sens would go on to push their second-round series to seven games, but they were ultimately once again defeated by the Maple Leafs.
^ a b Scanlan, Wayne (October 9, 1992). "Maybe Rome was built in a day; Senators in stunning 5–3 debut victory over Habs; 10, 449 fans went wild and it was magical". pp. A1. ^ Kreiser, John (September 14, 2012). "Seven team records likely to stand test of time". nhl. Retrieved March 30, 2022. ^ a b MacGregor 1993, p. 250 ^ May, Kathryn (February 27, 1992). "OTTAWA SENATORS; Names behind money revealed". p.
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[142][143] When mortgage holder Covanta Energy (the former Ogden Entertainment) went into receivership in 2001, Terrace was expected to pay off its debt to Covanta in full. The ownership was not able to refinance the arena, eventually leading Terrace itself to declare bankruptcy in 2002. [34] On August 26, 2003, billionaire businessman Eugene Melnyk finalized the purchase of the Senators and the arena. [144] The arena and club became solely owned by Melnyk through a new company, Capital Sports & Entertainment. [145] In 2004, the ownership applied to expand its seating and the City of Ottawa amended its by-laws for the venue, increasing its seating capacity in 2005 to 19, 153 and total attendance capacity to 20, 500 including standing room.
Actual construction took 18 months, finishing in January 1996. [140] The Senators moved to Canadian Tire Centre in 1996. The arena is their second and current home arena. The Palladium opened on January 15, 1996, with a concert by Canadian rocker Bryan Adams. [141] The Senators played their first game in their new arena two days later, falling 3–0 to the Montreal Canadiens. On February 17, 1996, the name 'Palladium' was changed to 'Corel Centre' when Corel Corporation, an Ottawa software company, signed a twenty-year deal for the naming rights.
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