Melnyk being countersued for $1 billion

Silver Seven

It’s the move we’ve all been expecting since Eugene Melnyk and Capital Sports Managment sued John Ruddy and Trinity Developments over their LeBreton Flats partnership nearly a month ago – Ruddy and Trinity have filed their counter-suit over the issue for $1 billion.

This is the first time we have seen Ruddy and Trinity’s side of the story. Until now we’ve only had a full story from Melnyk’s side of things, and then a few comments from the mayor, the NCC and a few off-the-record individuals.

Right off the top regarding the conflict of interest accusation, the counter-suit claims that CSMI, Melnyk and other executives (including then-CEO Cyril Leeder) knew about the detailed plans for 900 Albert from the start of the partnership, and that those details did not change after the Rendez-Vous LeBreton agreement was signed between the two.

The counter-suit also makes several accusations regarding the arena portion of the development – that Melnyk and CSMI wanted the City or Trinity to pay for it, provide it to the Senators for 30 years rent-free, and for CSMI to own the naming rights.

 

#hockey, #professional

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