Ernest Savard

J. Ernest Savard was a Canadian stock broker and a partner in the brokerage firm of Savard & Hart in Montreal, Quebec.

A sports fan, in 1928 Savard partnered with fellow Montreal businessman and politician Athanase David and American baseball executive George Stallings to revive the Montreal Royals baseball franchise as part of the International League and to build Delorimier Stadium.

In 1935, Savard succeeded Athanase David as President of the Montreal Canadiens ice hockey club, serving until 1938 when he was succeeded by Donat Raymond.

A member of the Montreal Stock Exchange, Time magazine reported that his business suffered considerable financial losses in 1959 as a result of positions it had taken in a deal that turned out to be an orchestrated fraud by American financier Alexander L. Guterma [http://time-proxy.yaga.com/time/archive/printout/0,23657,892297,00.html]