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Golisano gets step closer to completing deal for Sabres

Source: Business First of Buffalo

'U.S. Bankruptcy Judge Michael Kaplan on Thursday morning approved an asset purchase agreement that will allow Golisano, founder and chairman of Paychex Co. in Rochester, to acquire the National Hockey League franchise. Golisano is paying $70 million for the team and retiring another $20 million in existing debts to buy the team. Closing, pending some final paper work, is expected within the next 10 days, said Golisano's attorney, Michael Beyma, a partner in the Rochester law firm of Underberg & Kessler LLP.'

Related posts:

  1. Golisano signs deal to buy bankrupt Sabres
  2. Golisano completing his bid for Sabres
  3. Golisano reportedly moves closer to bid for Sabres
  4. Hamister suspends Sabres bid; challenges Golisano to make offer
  5. Golisano Close to Deal for Buffalo Sabres-Source

Filed Under: SabresBeat

Business First of Buffalo | Apr 10, 2003

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