SabreSpace

'Hamister and Chartwell, a New York company that is providing the primary financing for the deal, are paying mostly cash, but assuming some debt, in their purchase of the Sabres and the arena they play in, the HSBC Arena. Chartwell had been an investor in the Baltimore Orioles when Eli Jacobs was the owner. The cash in the deal will be used to pay some of Adelphia's … [Read more...] about Individual and a Firm Purchase the Sabres

The NHL said Wednesday that they would accept the bid for the financially-troubled Buffalo Sabres from a group headed by Mark E. Hamister. … [Read more...] about Hamister Bid for Buffalo Sabres Accepted

Mere hours after receiving the news from NHL commissioner Gary Bettman on Wednesday, Hamister attended a small function at which a Buffalo distribution company announced it had purchased 10 Sabres season tickets. … [Read more...] about Hamister keeps working after NHL approves bid for Sabres

'Ever since the Buffalo businessman completed a $134 million deal that sold off 70 percent of his health care services company in 1996, Hamister has turned his attention to sports.' … [Read more...] about Buying Sabres falls into Hamister's sports vision

'``News like this gives us an extra boost,'' Sabres general manager Darcy Regier. ``I think just the knowing: Number one, that the team is staying in Buffalo -- that's the most important thing for this community -- and number two, there's going to be strong ownership.''' … [Read more...] about NHL selects Hamister bid to buy Sabres

'"Adelphia has been involved throughout this process," Bettman said. "We are anticipating their continued cooperation in completing the sale."' … [Read more...] about Troubled Sabres sold to group headed by Hamister

'Bettman said a closing date likely would come in the first three months of 2003. The NHL's Board of Governors still must approve the sale.' … [Read more...] about Bid for Buffalo Sabres accepted

'``We will work with Mr. Hamister to conclude the transaction as quickly as possible,'' he said.' … [Read more...] about Sabres Sold to Arena League Team Owner Mark Hamister

'Hamister made his fortune in the nursing home and medical insurance industry and is already involved in the Buffalo-area sports scene as owner of the Buffalo Destroyers of the Arena Football League. He was known to have met with Bettman as late as last Tuesday in Buffalo. Those meetings were said to be productive. Hamister also spent that evening taking in the Sabres-Boston … [Read more...] about It’s Official. Hamister to Own Sabres

'Hamister, who owns the Buffalo Destroyers of the Arena Football League as well as two other minor league football teams, is expected to discuss the sale at a news conference Thursday.' … [Read more...] about NHL accepts Hamister bid for Sabres

'In the end, Hamister's bid, said to be in the neighborhood of $60 million, won out over Golisano's - largely because of the money he was able to put up-front for the team. Golisano sources say he was concerned about having enough for operating costs of the franchise and was unwilling to up his bid significantly.' … [Read more...] about Hamister gets the Sabres

'Miller made 21 saves in his NHL debut and, despite the loss, looked rather comfortable in net.' … [Read more...] about Niedermayer spoils Miller's debut as Devils keep Sabres on the skids

'The sudden flurry of phone negotiations was ignited by the long-awaited submission of Golisano's official offer. While Hamister presented his acquisition package to the league in mid-September, the failed gubernatorial candidate's bid was not submitted until Monday. Once the two offers could be weighed side-by-side, league officials were finally in a position to … [Read more...] about Talks to purchase Sabres heat up

'"I'm happy with the win," Burns insisted. "I'm happy with the comeback. I'm certainly not happy with the first 40 minutes of the game."' … [Read more...] about Burns gives sluggish Devils a jolt

'"With all the suspensions and the stuff that he does, you would think the referees when they see a guy like me that usually doesn't do anything and react like that, it's weird that they don't see [what Varada did]," Brodeur said.' … [Read more...] about Brodeur turns to rough stuff