SabreSpace

'"No sale of the Sabres can be effected without addressing the debt to Adelphia from the Sabres," William F. Savino, a business attorney in western New York, said recently. "The Sabres have used Adelphia like a credit card."' … [Read more...] about NHL to take control of Sabres?

'Sen. Charles E. Schumer wrote to NHL Commissioner Gary Bettman on Wednesday, urging him to ensure that the Sabres remain in Buffalo if the team is sold.' … [Read more...] about Schumer writes NHL chief on Sabres' behalf

'Bettman hinted broadly in an impromptu, but carefully scripted, state-of-the-game address at the Stanley Cup Finals in Detroit that there are several teams in economic difficulty and that it's possible some might not be able to hang on until the current Collective Bargaining Agreement expires in September 2004. The Sabres certainly fit the criteria.' … [Read more...] about Awards take back seat to meetings

'National Hockey League officials are meeting in Toronto today reportedly to discuss a Sabres takeover among other things.' … [Read more...] about Adelphia may lose Buffalo Sabres franchise to NHL

'Hamister, CEO and founder of the Buffalo-based National Health Care Affiliates and owner of the Arena Football League's Buffalo Destroyers, has spent the past month forming a group that would keep the team in Buffalo.' … [Read more...] about State will meet with Hamister on bid to buy Sabres

'While NHL officials have downplayed the likelihood of the Sabres changing hands on Thursday, the league remains under intense pressure to assume ownership quickly - before Adelphia is forced into bankruptcy. The league then would sell the team to a new ownership group.' … [Read more...] about Rigas could give up team voluntarily

'The Adelphia debt, in particular, could draw the Rigas-owned Niagara Frontier Hockey Limited Partnership into the cable company's anticipated bankruptcy by ranking the team loans among Adelphia's corporate assets. The NHL could play a vital role in brokering a debt-resolution deal or acting as interim franchise caretakers, as well as helping guide any sale of … [Read more...] about Saving the Sabres

'A group of mostly local investors has spent the past month forming in hopes of buying the Sabres and keeping them in Buffalo. Mark Hamister, who owns the Arena Football League's Buffalo Destroyers, has been identified as the group's catalyst. Brendan McDaniels, a spokesman for Hamister, declined comment Tuesday.' … [Read more...] about NHL governors have Sabres' future on the agenda

'NHL spokeswoman Bernadette Manser says the league's Board of Governors will be meeting on Thursday, but the only item on the agenda is an update on the Sabres, and no action will be taken.' … [Read more...] about NHL calls report of Sabres takeover "premature"

'Sources have told WGR Sports Radio 55 that the NHL will take over the Buffalo Sabres on Thursday...I have also learned Commissioner Gary Bettman does not think it'll be long until the team is sold to local investors led by Bob Rich Jr., and Mark Hamister.' … [Read more...] about The NHL to take over the Sabres this week

'With Adelphia Communications facing at least $2.3 billion in unreported debt, and the NHL ready to take over the team if needed, belt tightning within the Sabres organization could be an understatement.' … [Read more...] about Tight budget forces Sabres to build through draft

'"We're really going to handicapped this summer," said Sabres coach Lindy Ruff, who lectured Sunday at Roger Neilson's annual coaching clinic at the University of Windsor. "We really won't be able to do anything. We don't know what'll happen, if the league will have to step in and at what point. I think you can look at baseball for … [Read more...] about Buffalo's woes bode ill for NHL

'Hasek never played as well as he did in 1999. Worse, he seemed to become more selfish. It wasn't about leading the Sabres to a title. It was about winning one for himself.' … [Read more...] about Hard to feel happy for Hasek

'Representatives of a Western New York investment consortium met with NHL officials in recent days to talk about the possibility of acquiring the Sabres in a package that would also include HSBC Arena, the Empire Sports Network and WNSA-FM. All are owned by separate partnerships with direct ties to the Rigas family, founders of Adelphia who ran the cable company until one … [Read more...] about Investors positioned for Sabres deal

'You know what the Sabres received from the organization when they went to the Stanley Cup finals in 1999? A $100 gift certificate to a shopping mall, a toy car, a yo-yo and an Adelphia Communications fishing hat. Teams usually reward their players with vacations or cash. The Sabres were so insulted it became laughable. It's one reason many in the organization have … [Read more...] about Sabres may have to pay out big bucks