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Archives for 2003

Golisano waiting in the wings

'Mansouri wants details of the filing. He insists the deal he and Golisano put together will not require public financing. "Those are not deal maker or breaker," Mansouri told Channel Two's Carol Kaplan. "Those are an issue that we were told that they are on the table, and those are the issues that have been approved previously, and we just took … [Read more...] about Golisano waiting in the wings

WGRZ-TV | Feb 3, 2003

Bidding Open for Buffalo Sabres

'Hamister says the lack of government assistance made the decision easy. Public funds aren't going to come in, so after getting four extensions on deadlines to try to submit a bid, Hamister and Berman decided to call it quits, realizing that nearly 40 million dollars in public assistance from state, county and city government would not become available. Hamister said, … [Read more...] about Bidding Open for Buffalo Sabres

WIVB-TV | Feb 3, 2003

Buffalo Sabres Put on Open Market by NHL

'It is believed Hamister's bid was scuttled by and an inability to gain approval of a $33 million assistance package from New York State that would be used primarily for arena improvements.' … [Read more...] about Buffalo Sabres Put on Open Market by NHL

Reuters | Feb 3, 2003

Mark Hamister Can't Meet Deadline to Buy NHL's Sabres

'``The club now is free to entertain other expressions of interest and offers to purchase the franchise,'' Bill Daly, the league's chief legal officer, said in a statement. ``Our objective remains to find a purchaser who will maintain the franchise in Buffalo.''' … [Read more...] about Mark Hamister Can't Meet Deadline to Buy NHL's Sabres

Bloomberg | Feb 3, 2003

Hamister suspends Sabres bid

'A news release from Berman's company said Chartwell pulled out due to a poor economic climate and the probability of no financial help from government. ``The lack of government assistance has greatly reduced the attractiveness of this investment ... the time for making this deal has lapsed,'' the statement said.' … [Read more...] about Hamister suspends Sabres bid

AP | Feb 3, 2003

Hamister loses exclusive rights to buy Sabres

'"As of (Monday), the period of negotiating exclusivity granted to the Mark Hamister group for the purchase of the Buffalo Sabres has expired," NHL chief legal officer Bill Daly said. "As a result, the club now is free to purchase the franchise. Mr. Hamister remains welcome to pursue the purchase." "Our objective remains to find a purchaser who … [Read more...] about Hamister loses exclusive rights to buy Sabres

Sportsticker | Feb 3, 2003

Souces say Hamister will miss fourth deadline

'Hormoz Mansouri, a member of Golisano's ownership group, said Golisano is prepared to jump back into the running on Tuesday morning. ''Our position has been as long as he'd had negotiations going on with the NHL, we would not entertain anything because, contractually, the NHL is obligated to talk to him,'' said Mansouri. ''After … [Read more...] about Souces say Hamister will miss fourth deadline

AP | Feb 3, 2003

Sabres up for auction as bid fails to close

'TSN has learned the league will issue a formal statement later today, but at this point there does not appear to be a legitimate ownership candidate.' (Submitted by: Sculley) … [Read more...] about Sabres up for auction as bid fails to close

TSN | Feb 3, 2003

Today's deadline expected to be Hamister's last

'Golisano's latest proposal would relieve much of the burden from taxpayers but calls for Adelphia to receive less guaranteed money. While the idea has become popular with the Western New York public, insiders believe the offer is unrealistic because it wouldn't satisfy Adelphia.' … [Read more...] about Today's deadline expected to be Hamister's last

Buffalo News | Feb 3, 2003

Flyers thinking trade for Satan?

Assuming the Sabres stay in Buffalo, Satan has to wait and see which approach the new owner takes. Dump salary or hold the line. … [Read more...] about Flyers thinking trade for Satan?

phillyBurbs.com | Feb 3, 2003

Botterill shows skeptics

It was nice to get back up there, it shows you that at least they are watching you. I am a little disappointed I have not got more games up there, but there is plenty of season left and hopefully that will present itself. … [Read more...] about Botterill shows skeptics

Winnipeg Sun | Feb 3, 2003

Don't say goodbye to the Sabres

'Take it from me, it's hard to say goodbye to your team. I don't want that for Buffalo, even though the Sabres organization has had its ups and downs on and off the ice. Let's keep the dream alive.' … [Read more...] about Don't say goodbye to the Sabres

Business First of Buffalo/Martin Biron | Feb 3, 2003

Hamister to update NHL on bid to buy Sabres

'Buffalo businessman Mark Hamister is prepared to update NHL commissioner Gary Bettman on Monday about whether he will meet the league's deadline to complete his conditional purchase of the bankrupt Sabres.' … [Read more...] about Hamister to update NHL on bid to buy Sabres

AP | Feb 3, 2003

Satan deserves better than injury replacement

Ask someone in hockey-indifferent Florida about Jaromir Jagr, and they'll likely know whom you're talking about. Ask about Miroslav Satan, and they'll probably guess he's Saddam Hussein's evil defense minister. … [Read more...] about Satan deserves better than injury replacement

The Sabres Edge | Feb 2, 2003

Regier's holding pattern could keep Satan from being a Flyer

'Satan and Alexei Zhitnik are the highest-paid players on the roster. Teams might come calling when the trade deadline draws closer next month, but it's becoming more likely both will finish the season with Buffalo. Basically, there won't be a fire sale until Regier hears different.' … [Read more...] about Regier's holding pattern could keep Satan from being a Flyer

Buffalo News | Feb 2, 2003
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