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Deal won't be finalized until after playoffs

Originally Published: May 9, 2003
ESPN.com news services

Ottawa Senators: The sale of the Senators to Toronto billionaire Eugene Melnyk was approved by the team's creditors on Friday.

A court-appointed monitor representing the creditors recommended that the sale of the team for $71.8 million be approved.

The sale is not expected to be finalized until the end of the Stanley Cup playoffs in June.

"We're very happy with the order we have today," said Christopher Besant, a lawyer representing Melnyk and Capital Sports and ...

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