Archives for June 20, 2002

'Bettman said the sale of the Sabres, who are worth about $117 million, will probably take several months. Until a new owner is found, the NHL will pay all of the team's expenses, including staff salaries and any signing bonuses for players that Buffalo selects at this weekend's amateur draft in Toronto.' … [Read more...] about National Hockey League Takes Control of Sabres

'Commissioner Gary Bettman said Thursday that owner John Rigas had agreed to the move. Although Rigas technically remains the Sabres' owner, the move helps clear the way for the potential sale of the franchise.' … [Read more...] about NHL to operate Sabres

'"No sale of the Sabres can be effected without addressing the debt to Adelphia from the Sabres," William F. Savino, a business attorney in western New York, said recently. "The Sabres have used Adelphia like a credit card."' … [Read more...] about NHL to take control of Sabres?

'Sen. Charles E. Schumer wrote to NHL Commissioner Gary Bettman on Wednesday, urging him to ensure that the Sabres remain in Buffalo if the team is sold.' … [Read more...] about Schumer writes NHL chief on Sabres' behalf

'Bettman hinted broadly in an impromptu, but carefully scripted, state-of-the-game address at the Stanley Cup Finals in Detroit that there are several teams in economic difficulty and that it's possible some might not be able to hang on until the current Collective Bargaining Agreement expires in September 2004. The Sabres certainly fit the criteria.' … [Read more...] about Awards take back seat to meetings

'National Hockey League officials are meeting in Toronto today reportedly to discuss a Sabres takeover among other things.' … [Read more...] about Adelphia may lose Buffalo Sabres franchise to NHL