Sabres file for bankruptcy protection

Via: AP

'Commissioner Gary Bettman said the Chapter 11 filing in U.S. Bankruptcy Court in Buffalo is a step toward resolving the financial problems that put the Sabres under the league's control in June. The team is for sale. “It will enable the Sabres to secure financing that will allow them to continue to operate in the ordinary course, subject to league supervision, while the sale process is completed,'' Bettman said.'