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Bankruptcy in Ottawa and Buffalo Resonates Through League

Source: New York Times

'The league granted another extension last week to Mark Hamister, who leads a group trying to assume control of the Sabres. Hamister is offering $33 million in cash and assumption of $7 million in debt to buy a team that was recently valued by Forbes magazine at $92 million. If McKee and two teammates are not paid money due them, they can file a grievance and seek free agency. "It's not something I want to do right now," McKee said. "Down the road, if it looks like the money isn't going to be given to us, that might be the only option."'

Related posts:

  1. Hamister gets one more week, political support to buy Sabres
  2. League says Sabres will be paid
  3. Sabres to file for bankruptcy protection
  4. Sabres franchise looks headed to bankruptcy court
  5. Vendors eager to see Sabres rebound so they can continue selling, get paid

Filed Under: SabresBeat

New York Times | Jan 28, 2003

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