After some research I was going to try to do the MAG fixes. Seems like they have this problem a lot.
This is a snip from the site, I would have to modify the process but I think that if I can get it to glue good, I could probably fix the tension with a blow dryer. I have a heat gun over here but I think that it may be too much heat. They are using 3m super 77 glue and mylar tape for this fix. They also relieve the tension on the panel before doing this. I do not know if I can do that on an ELS panel without distroying it.
I believe that the repair will have to be done from the non-conductive side. This looks to me like it *may* work, if I can get into the panel to do the repair.
"How to repair damaged mylar.
Remove/separate the magnet/Mylar (the metal frame that holds the is the central part of the speaker), separate it from the frame. Carefully pull off the metal braces that run across the width of the front side of the speaker (this allows the speaker to curve a little more. You may even want to flex the speaker, or brace or have someone flex the speaker to create a curve in the speaker so the Mylar is loose across the width of the speaker. Trim a piece of strong 3M tape or piece of Mylar if magnepan will supply. Take some Pieces of paper towel or thin plastic, and slide it in the hole - make sure to tuck the edges under the Mylar. Cover the rest of the speaker you don't want sprayed. Spray the 3M super 77 spray glue, wait 1 minute, pull out the paper towel/plastic in the hole, and lay down the piece of Mylar / 3M tape(glue side up - not down). Let dry for at least 1 hour. Trim another piece of tape or Mylar sprayed with 3M super 77 glue( let glue dry a couple of minutes before you lay it down. Lay down and stretch out as much as you can as you lay it down. Use 3M Spray glue or stronger 3M high strength spray glue to re-attach the metal braces (use c - clamps to hold each side of each brace). The re-attaching of the metal braces will flatten out the speaker panel, and stretch out the repaired area. I have done this repair for areas as large as 2" wide and 5" high with very good results."
Jeff