'It could also open the door to other bidders. League sources say it's premature and speculative to really get into the bankruptcy. But keep in mind bankruptcy could free the team from the 30-year lease with the arena. The final say would come from a bankruptcy judge.'
Archives for December 13, 2002
'The Sabres' have a 30-year lease to play at HSBC Arena and it's uncertain how the agreement might be affected by a bankruptcy filing.'
'Each of the Sabres' previous five seasons rank among their seven all-time worst in goals scored.'
'Hecht has been dizzy since Sabres defenseman Brian Campbell struck him with a shot in Saturday's victory over the Washington Capitals. Part of Hecht's ear was torn off on the play. "Jochen is not doing well at all," Sabres coach Lindy Ruff said.'
'C Tim Connolly has one goal in his past 23 games.'
'The filing may be necessary to separate the Sabres' financial dealings from the larger Adelphia Communication Corp.'s bankruptcy mess. Another source familiar with the team's financial situation suggested upcoming debt payments and continuing cash flow concerns for the Sabres may be behind the potential bankruptcy.'