He is the current owner, governor and chairman of the Ottawa Senators professional ice hockey club of the National Hockey League. As well, he owns the Mississauga St. Michael's Majors junior-age ice hockey club. He is the former chairman and chief executive officer of Biovail Corporation and former owner of Trimel Corporation.
In 1982, Eugene Melnyk founded medical publishing company Trimel Corporation.
Mr. 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.
Mr. 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.
On August 26, 2003, Mr. 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.
Eugene Melnyk is the owner of Melnyk Racing Stables Inc. and Winding Oaks Farm in Ocala, Florida.
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