Eugene Melnyk has sold the Mississauga St. Michael's Majors. The Ontario Hockey League team has been sold to Mississauga businessman, and former member of the Mississauga IceDogs ownership group, Elliott Kerr. Financial terms of the deal were not released.
Melnyk, who is also the owner of the Ottawa Senators of the NHL, rescued the Toronto St. Michael's Majors eleven years ago and attempted to find them a more appropriate home rather than the very small St. Michael's College Arena in Toronto. Eventually, that led the Majors to Mississauga, where they hosted the Memorial Cup in 2011.
As part of the deal, all logos and trademarks of the Majors are being returned to St. Michael's College, and a new Mississauga OHL team will be born.
Speculation as to the future of junior hockey in the Greater Toronto Area has been running rampant. Both the Majors and nearby Brampton Battalion have faired poorly at the box office. The Battalion have committed to the final year of the lease at the Powerade Centre for the 2012-2013 season, but nothing is certain after that. The lease at the Hershey Centre in Missisauga is not ending soon.