'The Sabres are staying in Buffalo next season despite cash-flow disruptions related to problems at Adelphia Communications, team officials said.'
Archives for May 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.'
'…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.'
'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 season, because fans have felt uncertain about exactly where their dollars would be going.'
'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.'
'Sources tell News-4 Sports, that John Rigas wants any deal relinquishing control of the Sabres to include a guarantee that they stay in Buffalo.'
'Alexander Eleczko met Ron Barrett and Ken Bak for the second time Wednesday, but he can be forgiven if he doesn't remember the first time. His heart wasn't beating, and he had collapsed between rows of seats in HSBC Arena prior to a Buffalo Sabres game.'
'As for the Buffalo Sabres, it's impossible to tell whether the National Hockey League franchise might get pulled into bankruptcy wrangling, experts said. Investigators reportedly are looking at the team's ties to the cable company, including whether Adelphia backed Sabres debts.'
Hockey commentator and former Sabre Mike Robitaille did the honors [Buffalo Broadcast Pioneers Hall of Fame] for inducting the late Ted Darling, longtime announcer for the hockey team.
'"Certain personalities just clash," said Nolan, who rejected an extension with the Sabres after the 1996-97 season, then passed on a four-year offer to coach Tampa Bay several months later. "I don't think I did anything wrong."'