'Golisano provided no details of what he submitted to the NHL, calling it a “letter bid” that is subject to due diligence work before a formal contract is submitted.'
Archives for February 2003
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WGR Sportsradio 55 has learned that Tom Golisano submitted a bid to buy the Buffalo Sabres back on February 14th. The NHL accepted that bid the very next day.
However, no sale has been finalized and the two sides continue to work out the details.
'Hecl became expendable after Rhett Warrener returned to action in Wednesday's 3-2 loss at Washington. Warrener had missed seven games because of a concussion.'
According to WGR Sportsradio in Buffalo, the NHL has accepted former gubernatorial candidate Tom Golisano’s bid to buy the financially strapped team, TSN reported on its Web site Thursday. Golisano submitted a bid back on Feb. 14. The report says the NHL accepted Golisano’s proposal the next day. (Submitted by: Smitheo)
'“There are some details still to be worked out, but a deal could close in the next seven to 10 days."'
'The loss kept the Sabres in last place in the NHL with an 18-31-8-5 record. They could have climbed out of the cellar and past the Atlanta Thrashers with at least a tie.'
'"I'm even more confused now than I was a couple days ago," leading scorer Miroslav Satan said.'
'A top government source in Albany, meanwhile, said that the National Hockey League is negotiating only with Golisano and that no other prospective buyers have emerged. The official, speaking on condition of anonymity, said the state is not involved in the negotiations because Golisano is not seeking any state money to help close the deal. The source added that Golisano's deal for the team is getting close.'
'Last season, Varada served no fewer than three suspensions: one game for checking from behind; three games for careless use of the stick (Varada butt-ended Eric Lindros to the head); and a one game for kneeing Montreal Canadiens goaltender José Theodore, causing a concussion.'