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Adelphia Bankruptcy Judge Clears Cash Hurdle for NHL's Sabres

Source: Bloomberg

'U.S. Bankruptcy Judge Robert Gerber agreed to a request by the cable company to subordinate $174 million in claims against the National Hockey League team and move Adelphia behind Cerberus Capital Management LP in the creditor line. Cerberus has agreed to lend the Sabres about $23 million to cover the team's debts.'

Related posts:

  1. Bankruptcy would cut jobs but not service
  2. Rigas relinquish control of Sabres
  3. Adelphia is likely to cut 200 WNY jobs
  4. Report lists broad family ties
  5. Adelphia deal eases pain for city, Sabres

Filed Under: SabresBeat

Bloomberg | Jan 14, 2003

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