'The problem for the NHL is that the value of the Sabres – already a struggling small-market team – is inextricably linked to Adelphia through loan guarantees and broadcast deals. No Adelphia, no Sabres, say financial experts. Hockey sources say it's unlikely another local buyer could step up to buy the club should the auditors and the markets sink Adelphia. Wither Buffalo in that scenario? On to Portland? (Paul Allen has had plenty of chances to buy into the NHL and has passed.) Houston? Milwaukee? Las Vegas? Rancho Cucamonga?'
NHL's in trouble in U.S., too
Source: Calgary Herald