Archives for May 19, 2002

'Basically, it will come down to this: Any owner willing keep this franchise in Buffalo will bet the annual rate of appreciation outweighs the annual losses. Owners who lose $50 million over 10 years and watch the franchise appreciate by $60 million are called investors. Owners who lose $50 million and watch it appreciate $25 million are called former investors.' … [Read more...] about It's definitely not a seller's market for Rigas and the Sabres

'Then there's the Buffalo Sabres, which are owned by the Rigas family. The team reportedly is losing more than $10 million a year and the staggering decline in the Rigas family's wealth - more than $565 million since last June - makes those losses even harder to bear.' … [Read more...] about If it survives, Adelphia likely to cut jobs here

The Buffalo Sabres have endured all sorts of dilemmas in their history. They had that no goal controversy, crucial injuries at key times and bitter battles between a GM and a head coach. All those pale by comparison with the problems the team is going through currently. … [Read more...] about Can the Sabres survive the storm?