'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.'