'Sources also told FOXSports.com that the league has been active behind the scenes in moving to protect the league's interest in this matter and that the league does not want to be put in a position of having to operate the team while a buyer is sought or while the club or the parent company might be in bankruptcy proceedings. The best way to go about accomplishing that would be for the Sabres to be sold, preferably to interests that would keep and operate the team in Buffalo.'
Archives for June 12, 2002
'Erie County Executive Joel Giambra wouldn't divulge the group's members, but said Wednesday that it is mostly comprised of local business people intent on keeping the franchise in Buffalo.'
'According to the Wall Street Journal, the league and Adelphia officials will meet Thursday to discuss the team's financial situation.'