Archives for May 24, 2002

'One day after reliquishing control of their cable empire, the Rigas family is putting the finishing touches on a deal that will transfer ownership and control of the Buffalo Sabres to Adelphia.' … [Read more...] about Ownership of Sabres to be Transferred to Adelphia

'...a new owner or owners would inherit more immediate problems. Like, all those luxury boxes that would suddenly be empty because of a lack of Adelphia connections. Some insiders say as much as 40 percent of the sold out suites might need to be replaced, and companies with programming tie-ins to Adelphia pull out as their contracts expire.' … [Read more...] about No winners

'News of the Sabres' returning for their 33rd season - while a foregone conclusion to many people inside and outside the organization - no doubt will ease the concerns of those who wondered whether the team would survive Adelphia's current financial problems. It also may help the team, which reportedly has had a very weak renewal rate of season tickets for next … [Read more...] about Sabres, amid cash-flow woes, staying put

'In any event, the Rigas family will no longer control the fortunes of the NHL team and Adelphia may well sell it to raise capital to aid the company in its fight to avoid bankruptcy and to satisfy part of outstanding debts.' … [Read more...] about Rigas relinquish control of Sabres