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State rejects loan for Sabres

Source: Buffalo News

'A source close to the negotiations told The Buffalo News Thursday night that the state does not feel it can provide a $23 million loan Hamister wants as part of a plan to refinance an existing loan for the HSBC Arena. The source, speaking on condition of anonymity, said the Pataki administration believes that the loan proceeds would go directly to Adelphia Communications, the scandal-ridden company that is the parent of the Sabres.'

Related posts:

  1. Zigomanis may go back in draft pool
  2. State legislators back aid for Sabres
  3. Hamister gets one week
  4. NHL rejects Sabres contract with Zigomanis
  5. NHL rejects contracts; three prospects must re-enter draft

Filed Under: SabresBeat

Buffalo News | Jan 10, 2003

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