'Golisano's initial bid was rejected mostly because, in comparison with Hamister, Golisano was offering $13 million less in guaranteed money to Adelphia. It's unclear whether Golisano is willing to restructure his offer.'
Archives for February 4, 2003
They will blame the politicians, the lawyers, Adelphia, the bankruptcy courts and even the news media, but the truth is that the Mark Hamister bid for the purchase of the Buffalo Sabres failed because of a lack of commitment, and a lack of candor, on the part of Hamister and his partner, Todd Berman.
'Tom Golisano had his fanny kicked in his race for governor, but when it comes to business, he’s usually the fanny-kicker and not the kickee.'
'Unless Rochester billionaire Tom Golisano can come up with a workable game plan to keep the 33-year-old franchise alive, the Sabres could be relocating or even folding after this season.'
Like Punxsutawney Phil, Buffalo Sabres' General Manager Darcy Regier crawled out of his hole over the weekend, speaking his mind in both the Buffalo News and an extended television interview. While the prognosticating groundhog's shadow foretold of six more weeks of winter, Regier's comments foretold of many more weeks of the same old thing.
'New Jersey traditionally is one of the NHL's best, and this season is no different. The Devils have won two straight games and went 11-2-1-1 in January.'
'The last-place Sabres haven't had many wins this season, but Warrener missed most of them. The team is 6-17-5-1 with Warrener and 9-7-2-3 without him.'
'The Devils are the only team with fewer than 100 goals allowed.'
'The toughest nut was his request for state refinancing and backing of the $21.4 million remaining on the HSBC Arena concession loan. Many viewed that as an attempt to use taxpayer money to bail out scandal-tarred Adelphia, the team's biggest creditor.'
'Assembly Speaker Sheldon Silver, D-Manhattan, directed his wrath at Gov. George E. Pataki and his top economic adviser. "Charlie Gargano fumbled the puck," Silver said. "The financiers pulled out when, sitting in his ivory tower in Manhattan, he said the state would not provide any assistance to Hamister."'