Once the team files for bankruptcy protection, Bettmans involvement is decreased substantially. Now, a bankruptcy judge makes the decisions and his determinations are almost totally based on the financial well-being of the creditors. Therefore, if an outside bidder comes through with a better offer than the Hamister group, the judge would accept it. At issue is whether an arena owner in another city wants a team at a rock-bottom price.
The Sabres Report - December 17, 2002