'``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
The Sabres Report - 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
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
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
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
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
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?
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
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
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
The Sabres Report - Feb 2, 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
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
Sabres' future is up in the air
'The eventual winner in this game, several sources suggest, depends on which high-priced attorneys, deep-pocketed businessmen and influential politicians blink first.' … [Read more...] about Sabres' future is up in the air
No more extensions, NHL chief warns
'National Hockey League Commissioner Gary Bettman hinted Saturday he would not grant the two businessmen a fifth deadline extension before 5 p.m. Monday for exclusive purchase rights. If the deadline passes and no extension is granted, the team would be available for anyone interested.' … [Read more...] about No more extensions, NHL chief warns
Sabres strand Giambra on thin ice
'But Giambra's "big squirm" stems from his position between Hamister, who contributed more than $13,000 to his campaign and headed his transition team in 1999, and Rochester billionaire Tom Golisano, a political foe who is positively glowing in public approval as he fosters at least the perception that his bid for the Sabres will require a far smaller … [Read more...] about Sabres strand Giambra on thin ice