'According to a preliminary financial overview covering both the team and HSBC Arena, obtained by Business First, the Sabres lost $39.3 million during the 2001-2002 season and are projected to lose $26.7 million during its current fiscal year, which ends June 30…The March projections show the team losing $6.1 million for the 2003-2004 season. Losses are projected to drop to $4.3 million by the 2005-2006.'
Archives for June 9, 2003
'Last summer, the Sabres and Adelphia signed a five-year agreement that would keep the team's broadcasts on Empire and WNSA. According to documents obtained by Business First, the Sabres receive $6.5 million per season in exchange for those broadcast rights. The deal included a clause that would allow the Sabres or Adelphia to opt out after a year. The team's new management is opting to look around, and has until July 1 to make a decision. Jim Leahy, the team's new vice president of sales and marketing, confirmed that the Sabres have had contact with both the YES and MSG networks.'