Concerns over Sabres' future

Via: Toronto Globe & Mail

'Word in NHL circles yesterday was that Sabres players and employees have been angry for some time about the collapse of Adelphia Business Solutions. It was a telecommunications spinoff of Adelphia Communications, known as ABIZ, and its shares sold for about $6 shortly after the company was formed in 1998. Players and staff with the Sabres invested heavily in the company, and shares climbed as high as $70 in early 2000. But the company was caught in the dot-com meltdown, and by last week, when it filed for Chapter 11 bankruptcy protection, the shares were trading for 4 cents. Some players made money on ABIZ shares, generally those who sold out when they were traded by the team, but NHL sources said others lost tens of thousands of dollars, if not more.'