Archives for 2003

'Mansouri wants details of the filing. He insists the deal he and Golisano put together will not require public financing. "Those are not deal maker or breaker," Mansouri told Channel Two's Carol Kaplan. "Those are an issue that we were told that they are on the table, and those are the issues that have been approved previously, and we just took … [Read more...] about Golisano waiting in the wings

'Hamister says the lack of government assistance made the decision easy. Public funds aren't going to come in, so after getting four extensions on deadlines to try to submit a bid, Hamister and Berman decided to call it quits, realizing that nearly 40 million dollars in public assistance from state, county and city government would not become available. Hamister said, … [Read more...] about Bidding Open for Buffalo Sabres

'It is believed Hamister's bid was scuttled by and an inability to gain approval of a $33 million assistance package from New York State that would be used primarily for arena improvements.' … [Read more...] about Buffalo Sabres Put on Open Market by NHL

'``The club now is free to entertain other expressions of interest and offers to purchase the franchise,'' Bill Daly, the league's chief legal officer, said in a statement. ``Our objective remains to find a purchaser who will maintain the franchise in Buffalo.''' … [Read more...] about Mark Hamister Can't Meet Deadline to Buy NHL's Sabres

'A news release from Berman's company said Chartwell pulled out due to a poor economic climate and the probability of no financial help from government. ``The lack of government assistance has greatly reduced the attractiveness of this investment ... the time for making this deal has lapsed,'' the statement said.' … [Read more...] about Hamister suspends Sabres bid

'"As of (Monday), the period of negotiating exclusivity granted to the Mark Hamister group for the purchase of the Buffalo Sabres has expired," NHL chief legal officer Bill Daly said. "As a result, the club now is free to purchase the franchise. Mr. Hamister remains welcome to pursue the purchase." "Our objective remains to find a purchaser who … [Read more...] about Hamister loses exclusive rights to buy Sabres

'Hormoz Mansouri, a member of Golisano's ownership group, said Golisano is prepared to jump back into the running on Tuesday morning. ''Our position has been as long as he'd had negotiations going on with the NHL, we would not entertain anything because, contractually, the NHL is obligated to talk to him,'' said Mansouri. ''After … [Read more...] about Souces say Hamister will miss fourth deadline

'TSN has learned the league will issue a formal statement later today, but at this point there does not appear to be a legitimate ownership candidate.' (Submitted by: Sculley) … [Read more...] about Sabres up for auction as bid fails to close

'Golisano's latest proposal would relieve much of the burden from taxpayers but calls for Adelphia to receive less guaranteed money. While the idea has become popular with the Western New York public, insiders believe the offer is unrealistic because it wouldn't satisfy Adelphia.' … [Read more...] about Today's deadline expected to be Hamister's last

Assuming the Sabres stay in Buffalo, Satan has to wait and see which approach the new owner takes. Dump salary or hold the line. … [Read more...] about Flyers thinking trade for Satan?

It was nice to get back up there, it shows you that at least they are watching you. I am a little disappointed I have not got more games up there, but there is plenty of season left and hopefully that will present itself. … [Read more...] about Botterill shows skeptics

'Take it from me, it's hard to say goodbye to your team. I don't want that for Buffalo, even though the Sabres organization has had its ups and downs on and off the ice. Let's keep the dream alive.' … [Read more...] about Don't say goodbye to the Sabres

'Buffalo businessman Mark Hamister is prepared to update NHL commissioner Gary Bettman on Monday about whether he will meet the league's deadline to complete his conditional purchase of the bankrupt Sabres.' … [Read more...] about Hamister to update NHL on bid to buy Sabres

Ask someone in hockey-indifferent Florida about Jaromir Jagr, and they'll likely know whom you're talking about. Ask about Miroslav Satan, and they'll probably guess he's Saddam Hussein's evil defense minister. … [Read more...] about Satan deserves better than injury replacement

'Satan and Alexei Zhitnik are the highest-paid players on the roster. Teams might come calling when the trade deadline draws closer next month, but it's becoming more likely both will finish the season with Buffalo. Basically, there won't be a fire sale until Regier hears different.' … [Read more...] about Regier's holding pattern could keep Satan from being a Flyer