'Golisano must now seek approval from U.S. bankruptcy court in Buffalo, where his offer is scheduled to be presented tomorrow morning, TSN said without citing where it got it's information. Details of purchase weren't available.'
Archives for March 13, 2003
'The proposed offer is expected to be filed in U.S. Bankruptcy Court in Buffalo within the next two or three business days, the source said. The sale of the team then would be open to alternative bids higher than Golisano's offer.'
'Golisano's offer is expected to be worth more than $50 million, taking into account the team's projected $23 million in losses this season and a $22.9 million loan taken out on the construction of its arena. The Sabres also are estimated to owe $7 million to several unsecured debtors.'
'Kalinin was injured in the second period of Wednesday's 3-2 loss to Carolina, but continued to play. He is one of the Sabres' most dependable defensemen with six goals and 19 points in 60 games.'
'Sources are suggesting Golisano is likely to hire Rochester player agent Steve Bartlett to oversee the Sabres' hockey operations. If that happens, coach Lindy Ruff could also be gone, but there's likely a soft landing awaiting Ruff as the next coach of the Columbus Blue Jackets. (submitted by: Sculley)
'The Sabres recalled veteran forward Chris Taylor and rookie defensman Doug Janik from Rochester of the AHL Thursday to replace the injured Curtis Brown and Dmitri Kalinin.'
'An announcement regarding the asset purchase agreement is expected Friday.'
“At long last, Tom Golisano is ready to buy the Buffalo Sabres.”
‘A news conference is expected later today or tomorrow to announce Thomas Golisano’s bid to buy the Buffalo Sabres has been accepted.’
We had our chances to put them away, Ruff said. We just did not capitalize.