Archives for May 20, 2002

'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