Melnyk Donates $1 Million

NP – Excerpts from The Globe and Mail (Aug. 9, 2007) by Beverley Smith

Canadian pharmaceuticals magnate Eugene Melnyk is trying to make Olympic sport for Canadians go right, by donating $1-million to a new Patrons of Sport program. The billionaire owner of phar-maceutical giant Biovail is joining forces with the Canadian Athletes Now (CAN) Fund, and asking Canadians to help join in - even if they pledge only $10.

The CAN Fund is led by Jane Roos, a former athlete who has been raising money for the past 10 years for athletes.

After the fund gained charitable status in 2003, it raised $2.2-million in six months. The fund also aided 11 of Canada’s 12 medalists at the Athens Games, Roos said.

Melnyk said he will meet with Senators executives next week to come up with a plan for the campaign. “I’ve heard many gut-wrenching stories from athletes and their families having to mortgage their homes and stay at youth hostels in order to compete overseas, to asking their friends and family to finance their training,” Melnyk said.

On August 8, 38 athletes showed up at a news conference to stand behind Melnyk. You didn’t have to look far to find disturbing stories. As for Melnyk, he says he has something in common with these struggling athletes “We all believe in the power of dreaming big.