1. Eugene Melnyk was the founder, chairman, and CEO of Biovail Corporation, once Canada's largest publicly traded pharmaceutical company with more than in annual revenue.
31 Facts About Eugene Melnyk
1. 2.
Eugene Melnyk had sold almost all of his holdings in the company by 2010.
3.
Eugene Melnyk was one of the richest residents of Barbados.
4.
In 1982, Eugene Melnyk founded medical publishing company Trimel Corporation, which summarized important medical research into shorter and more accessible notes for doctors.
5.
In 1989, Eugene Melnyk founded Biovail Corporation, a specialty pharmaceutical company.
6.
In 2004, a year after becoming owner of the Ottawa Senators, Eugene Melnyk left the CEO position but continued on as chairman.
7.
Eugene Melnyk was acquired by Valeant Pharmaceuticals in 2010 and is Bausch Health.
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Jonathan Katz 8.
In 2007, Eugene Melnyk purchased a controlling stake in the Canadian beauty line Fusion Brands Inc.
9.
Eugene Melnyk served as the company's Chairman and Chief Executive Officer.
10.
Eugene Melnyk formed a partnership with Trinity Developments to bid on the redevelopment, known as RendezVous LeBreton.
11.
Trinity Development filed a countersuit against Eugene Melnyk, which was settled out of court in December 2022,9 months after Eugene Melnyk's death.
12.
At the time, the club played at the St Michael's College School's Arena in Toronto, but Eugene Melnyk aimed to move the team to nearby Mississauga.
13.
On May 10,2012, Eugene Melnyk sold the St Michael's Majors to Elliott Kerr for an undisclosed price.
14.
In 2017 Eugene Melnyk told reporters that he would be open to the idea of moving the franchise to a different city if the fanbase didn't make efforts to increase attendance at Senators' home games.
15.
On September 11,2018, the Senators released a video online in which Eugene Melnyk outlined the franchise's plans for a rebuild.
16.
In November 2018, Eugene Melnyk was accused of being behind newly created and suspicious Twitter accounts began appearing, all of which praised Eugene Melnyk's performance while attacking his detractors.
17.
On September 16,2008, Eugene Melnyk proposed plans for an Ottawa Major League Soccer professional soccer team, and a new soccer-specific Ottawa Soccer Stadium but could not obtain support from Ottawa City Council.
18.
City council could only back one proposal and sided against Eugene Melnyk, favoring the return of the CFL to Ottawa.
19.
In 2009, Eugene Melnyk served as chairman of the IIHF World U20 Championship.
20.
Eugene Melnyk was a successful thoroughbred racing horse breeder, having horses he bred go on to win all three legs of the Canadian Triple Crown.
21.
In 2013, Eugene Melnyk stopped breeding horses and instead bought and raced yearlings.
22.
Eugene Melnyk was named Canada's best horse breeder twice, and in 2017, he was inducted into the Canadian Horse Racing Hall of Fame.
23.
Eugene Melnyk was born in Toronto, Ontario, on May 27,1959, the son of Ferdinand and Verna Eugene Melnyk, who were both born in Ukraine.
24.
Eugene Melnyk was a Canadian citizen and a resident of Barbados.
25.
From 2014 to 2019, Eugene Melnyk was the honorary colonel of 414 Squadron of the Royal Canadian Air Force.
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Jonathan Katz 26.
In July 2019, Eugene Melnyk was sued by Connecticut casino Mohegan Sun for more than US$1 million over a gambling dispute that occurred in 2017.
27.
The casino alleged that Eugene Melnyk failed to make good on a US$900,000 debt when multiple bank drafts totalling the amount were "dishonored" by TD Bank.
28.
Eugene Melnyk claimed the casino refused his requests to cash him out when he was winning, and his lawyer Jonathan Katz alleged that the casino "induced" Eugene Melnyk to continue playing by refusing to cash him out when his play had led to winning "significant amounts of money".
29.
Eugene Melnyk was hospitalized for end-stage liver failure and had a liver transplant at the Toronto General Hospital in May 2015, after a public appeal for a live liver donor found an anonymous donor.
30.
Eugene Melnyk died on March 28,2022, at the age of 62 after several months of illness.
31.
Eugene Melnyk's estate passed the ownership of the Ottawa Senators to his two daughters, Olivia and Anna Eugene Melnyk.