'Hamister, CEO and founder of the Buffalo-based National Health Care Affiliates and owner of the Arena Football League's Buffalo Destroyers, has spent the past month forming a group that would keep the team in Buffalo.'
Archives for June 19, 2002
'While NHL officials have downplayed the likelihood of the Sabres changing hands on Thursday, the league remains under intense pressure to assume ownership quickly – before Adelphia is forced into bankruptcy. The league then would sell the team to a new ownership group.'
'The Adelphia debt, in particular, could draw the Rigas-owned Niagara Frontier Hockey Limited Partnership into the cable company's anticipated bankruptcy by ranking the team loans among Adelphia's corporate assets. The NHL could play a vital role in brokering a debt-resolution deal or acting as interim franchise caretakers, as well as helping guide any sale of the team.'