Golisano gets step closer to completing deal for Sabres

Via: Business First of Buffalo

'U.S. Bankruptcy Judge Michael Kaplan on Thursday morning approved an asset purchase agreement that will allow Golisano, founder and chairman of Paychex Co. in Rochester, to acquire the National Hockey League franchise. Golisano is paying $70 million for the team and retiring another $20 million in existing debts to buy the team. Closing, pending some final paper work, is expected within the next 10 days, said Golisano's attorney, Michael Beyma, a partner in the Rochester law firm of Underberg & Kessler LLP.'