‘Thank you, Tom Golisano, for saving the Sabres from bankruptcy and keeping the team in Buffalo. And thank you, now, for selling the team to somebody who cares.’
Archives for February 3, 2011
‘Golisano bought the team out of bankruptcy in 2003. He’s selling because of a new government-related venture he’ll announce in Washington this month. The billionaire businessman has run unsuccessfully three times for governor in New York.’
‘You cannot argue with the results. Back-to-back Eastern Conference finalists in 2006 and 2007 (and President’s Trophy winners that second year), the Sabres are in danger of missing the playoffs for the third time in four seasons. Golisano did some great things. He saved the franchise, obviously. After losing Briere, Chris Drury and Campbell, he said he would re-sign Ryan Miller and Jason Pominville, and delivered.’
‘Golisano revealed a surprise during his opening statement that a prospective buyer offered the Sabres $70 million more than Terry Pegula’s purchase price of $175 million and $14 million in liabilities. However, the team turned down the offer as the buyer demanded that the team would be allowed to move away from Buffalo.’
The Buffalo News is hosting the video of today’s press conference on their web site.
”Sabres owner Tom Golisano announced that he has sold the team to billionaire Terry Pegula with a clause that Pegula can never move the club from Buffalo, spurning an offer worth $70-plus million more from another suitor to relocate the team.
‘The Sabres have long lacked a certain touch, one that I hope a proclaimed fan in Pegula will provide them. Golisano, for all his contributions, never had it. He didn’t grow up loving hockey, and he didn’t have a feel for the game or we fans, and it showed.’
‘The Golisano ownership era is set to close with Terry Pegula’s purchase of the Sabres, expected to be completed by the end of the month. Golisano and minority owner Larry Quinn will hold a news conference at noon today in HSBC Arena to discuss the sale. They are certain to talk about the highlights of their past and reasons to be excited for the future. One reason is clear: The organization leaves Golisano’s hands in better shape than it entered them, at least as far as off-ice matters are concerned.’
‘"A lot of it is based on how you play, and I just want to come out here and play as hard as I can, do what I’ve been doing the first two games," Byron said.’
‘I could write for twice or three times as long about the mistakes and blunders of management from July 1st, 2007 and on, but that has been digested and regurgitated plenty. But on this day, as Tom Golisano begins to ride off into the sunset, it would be a disservice if the good was not brought up and celebrated.’