SabreSpace

'Under terms of the deal, Golisano will assume $45 million in liabilities, up to $25 million in team debt this season and a $22 million concession loan.' … [Read more...] about Golisano buys Sabres for $92M

'Even though the bid from Hamister and Berman depended on bank financing and huge contributions from local and state governments -- which is why it collapsed -- Bettman preferred it for several reasons. The most important was it offered less damage to NHL franchise values than Golisano's bid.' … [Read more...] about Buffalo saved, but watch for the rebound

'``We should not give points away to teams (like Buffalo),'' Prospal said. ``They just play like we've been doing the last few years. They try to disturbthe playoff hunt and they make it interesting."' … [Read more...] about Lightning 4, Sabres 2

'"They messed up, they made a big mistake," Sabres coach Lindy Ruff said of the officials. "Even the league is aware of it and already knows. If you watch Lecavalier's reaction, he already quit on the play. Even after the goal, he looks at the linesman and says, 'What happened?' They blew the goal."' … [Read more...] about Tampa Bay 4, Buffalo 2

'When asked what type of owner he will be, Golisano said there must be balance. "It’s got to be a balance and a great experience for fans; it's got to be good for the employees, both the players and the staff; and the owners got to have a fair chance...so, first of all, I have to deal with the balance of those three responsibilities," he said.' … [Read more...] about Golisano Agrees To Buy Sabres

'Paychex Inc. CEO Thomas Golisano today offered to pay full price to acquire the bankrupt Buffalo Sabres hockey team, the Associated Press reported. Golisano reportedly offered $92 million, which is what Forbes magazine recently estimated the team is worth.' … [Read more...] about Golisano offers $92 million for Sabres

'Unlike the failed proposal from Mark Hamister and Todd Berman, Golisano's bid includes no government aid. "That was one of my criteria," Golisano said. "I believe that these type of transactions can take place without taxpayers having to finance them."' … [Read more...] about Bettman approves Golisano's bid

'According to court documents filed in U.S. Bankruptcy Court in Buffalo, if the National Hockey League does not receive an alternative bid of at least $95 million during a court auction, the team will be awarded to Golisano, the chairman and chief executive of software maker Paychex Inc.' … [Read more...] about Paychex Chief to Buy Buffalo Sabres for $92 Million

'``This represents an opportunity for the Sabres to move forward under strong ownership and remain in Buffalo,'' NHL Commissioner Gary Bettman said during a press conference at HSBC Arena in Buffalo.' … [Read more...] about Golisano Agrees to Buy NHL's Sabres for More Than $70 Million

'Adelphia's approval was integral, and the company considers Golisano's the best offer it could expect to get.' … [Read more...] about Golisano introduced as next owner of Sabres

I want to thank all of you who voted against me in the last election, because quite frankly I would not be here today, Golisano joked. … [Read more...] about Billionaire Golisano purchases Sabres

'"His responsibility level has doubled or tripled with me and Grats gone," Ray said. "It's such a young team. There's so much more responsibility that he's never had before."' … [Read more...] about Boulton inherits a fighting chance

'D Alexei Zhitnik hasn't scored a goal at home since Jan. 5, 2001.' … [Read more...] about Sabres vs. Lightning

'Even though an agreement has been signed, there remains a 30-day period when someone else could put in a higher bid for the team through U.S. Bankruptcy Court. That is considered highly unlikely.' … [Read more...] about Golisano, NHL agree on sale

'Presumably, Golisano sees light at end of the tunnel in the form of a new and improved NHL collective bargaining agreement in September of 2004, when the current deal expires. Otherwise, why would the Rochester billionaire make such a foolish purchase?' … [Read more...] about Will Golisano's Buffalo rescue be worth it?