SabreSpace

'The Sabres are staying in Buffalo next season despite cash-flow disruptions related to problems at Adelphia Communications, team officials said.' … [Read more...] about Sabres say they're staying in Buffalo

'One day after reliquishing control of their cable empire, the Rigas family is putting the finishing touches on a deal that will transfer ownership and control of the Buffalo Sabres to Adelphia.' … [Read more...] about Ownership of Sabres to be Transferred to Adelphia

'...a new owner or owners would inherit more immediate problems. Like, all those luxury boxes that would suddenly be empty because of a lack of Adelphia connections. Some insiders say as much as 40 percent of the sold out suites might need to be replaced, and companies with programming tie-ins to Adelphia pull out as their contracts expire.' … [Read more...] about No winners

'News of the Sabres' returning for their 33rd season - while a foregone conclusion to many people inside and outside the organization - no doubt will ease the concerns of those who wondered whether the team would survive Adelphia's current financial problems. It also may help the team, which reportedly has had a very weak renewal rate of season tickets for next … [Read more...] about Sabres, amid cash-flow woes, staying put

'In any event, the Rigas family will no longer control the fortunes of the NHL team and Adelphia may well sell it to raise capital to aid the company in its fight to avoid bankruptcy and to satisfy part of outstanding debts.' … [Read more...] about Rigas relinquish control of Sabres

'Sources tell News-4 Sports, that John Rigas wants any deal relinquishing control of the Sabres to include a guarantee that they stay in Buffalo.' … [Read more...] about Rigas Holds on to Sabres…For Now

'Alexander Eleczko met Ron Barrett and Ken Bak for the second time Wednesday, but he can be forgiven if he doesn't remember the first time. His heart wasn't beating, and he had collapsed between rows of seats in HSBC Arena prior to a Buffalo Sabres game.' … [Read more...] about From stricken hockey fan, hearty thanks to rescuers

'As for the Buffalo Sabres, it's impossible to tell whether the National Hockey League franchise might get pulled into bankruptcy wrangling, experts said. Investigators reportedly are looking at the team's ties to the cable company, including whether Adelphia backed Sabres debts.' … [Read more...] about Bankruptcy would cut jobs but not service

Hockey commentator and former Sabre Mike Robitaille did the honors [Buffalo Broadcast Pioneers Hall of Fame] for inducting the late Ted Darling, longtime announcer for the hockey team. … [Read more...] about Hall of Fame inducts six on historic night

'"Certain personalities just clash," said Nolan, who rejected an extension with the Sabres after the 1996-97 season, then passed on a four-year offer to coach Tampa Bay several months later. "I don't think I did anything wrong."' … [Read more...] about Former Coach Ted Nolan Hopes Rangers Post Gets Him Back to NHL

'Adelphia intends to disclose in a Securities and Exchange Commission filing by today that it bought furniture from a company the family owns, allowed personal use of company airplanes and other perks, provided financing of a golf course built for the family, and was somehow involved in the family's purchase of the Buffalo Sabres hockey team, the paper said, citing … [Read more...] about Adelphia to Describe Rigas Family-Related Activities, NYT Says

'Adelphia's investment in the National Hockey League team was never fully disclosed, and it is not clear whether the company's founder, John Rigas, borrowed money to buy the team as part of a lending agreement in which Adelphia was liable for the family's purchase, or whether the family had the company itself make the acquisition, the newspaper said.' … [Read more...] about Adelphia invested in family's NY hockey team-report

'Adelphia's internal investigators are still unsure about Adelphia's investment in the Sabres hockey team, these people said. The internal investigators believe that the Rigases used Aldephia money to invest in the team beginning in 1994, according to these people. Now, these people said, it appears that the Rigases may have also used company money to support the … [Read more...] about Adelphia Is Said to Plan Disclosures of Dealings

'Basically, it will come down to this: Any owner willing keep this franchise in Buffalo will bet the annual rate of appreciation outweighs the annual losses. Owners who lose $50 million over 10 years and watch the franchise appreciate by $60 million are called investors. Owners who lose $50 million and watch it appreciate $25 million are called former investors.' … [Read more...] about It's definitely not a seller's market for Rigas and the Sabres

'Then there's the Buffalo Sabres, which are owned by the Rigas family. The team reportedly is losing more than $10 million a year and the staggering decline in the Rigas family's wealth - more than $565 million since last June - makes those losses even harder to bear.' … [Read more...] about If it survives, Adelphia likely to cut jobs here