from James Gordon of Senators Extra,

Ottawa Senators owner Eugene Melnyk says the Ottawa Senators have lost $110 million since he took over the team 10 years ago.

In August, senior team officials told the Citizen that the franchise has generated a grand total of just $6 million on operations (total revenues minus the costs associated with paying and moving the players, advertising and managing the arena).

continued..

Melnyk made the comment today on TSN 1200 Ottawa radio and you can listen to the full interview here (comment on lose of $110 is at the 11 minute mark). Melnyk also in a round-about way rips some of the NHL teams on how they handle their finances.