'Erie County Executive Joel Giambra wouldn't divulge the group's members, but said Wednesday that it is mostly comprised of local business people intent on keeping the franchise in Buffalo.' … [Read more...] about Erie County Executive: Buffalo group interested in buying Sabres
SabresBeat
NHL May Force Take Over of Sabres
'According to the Wall Street Journal, the league and Adelphia officials will meet Thursday to discuss the team's financial situation.' … [Read more...] about NHL May Force Take Over of Sabres
Bankruptcy would test Sabres' arena lease
'Bernadette Mansur, NHL group vice president of communications, said the league believes the lease agreement is fairly airtight. "It is a complex situation," Mansur said. "But no one has to worry about the future of the Sabres in Buffalo."' … [Read more...] about Bankruptcy would test Sabres' arena lease
Maurice makes miraculous escape from gallows
'One major hurdle is the price. The Rigases apparently piled up $150 million in debt on the Sabres' books, but the franchise is worth about $35 million less. The Rigases would want to clear out as much debt as possible, but any prospective owners will not want to pay higher than the market price.' … [Read more...] about Maurice makes miraculous escape from gallows
Sabres' new look spiked sales, too
'The year before switching uniforms, the Sabres ranked 24th in merchandise sales in the NHL. Their first season in their new attire in new HSBC Arena, they rocketed to seventh and have remained in the top 10 ever since.' … [Read more...] about Sabres' new look spiked sales, too
Talk of Sabres Leaving Buffalo Because of Adelphia Problems May Be Premature
'However, the league's support comes with a condition. Bettman made it clear, that with all the talk of the Sabres' problems, fans must support the franchise. In other words, buy tickets.' … [Read more...] about Talk of Sabres Leaving Buffalo Because of Adelphia Problems May Be Premature
Bettman says with support, Sabres stay
'"I have been in touch with the Rigases. I have been in touch with Erland Kailbourne, who is acting chairman of Adelphia. We're not looking to do anything precipitous," Bettman said. "They have a whole lot of issues that they are dealing with. There are a whole lot of allegations, but we are closely monitoring it because if at some point it becomes … [Read more...] about Bettman says with support, Sabres stay
Dicaire playing waiting game
'The defenceman said his decision wasn't only monetary, but had to do with the team's general interest in his career. "I hadn't met with Buffalo since September," he said. "So they didn't show they were interested in me."' … [Read more...] about Dicaire playing waiting game
Sabres could be living on borrowed time
'The NHL is accustomed to franchise shifts and, outside the 716 area code, there won't be a lot of crying if the Sabres fall on their sword.' … [Read more...] about Sabres could be living on borrowed time
McMorrow, Gaustad sign deals with Sabres
'McMorrow's stats speak volumes on the type of forward he is. In 176 games, the 6-foot-4, 210-pounder had six goals and eight assists with 443 penalty minutes.' … [Read more...] about McMorrow, Gaustad sign deals with Sabres
Sabres derailed money train may not have all aboard
'At some point, Regier will brace fans for the worst. His message will be simple: Fans can either have NHL hockey in their town - where tickets prices will increase, but the attempt to pay for a contender will decrease - or no hockey at all. What's worse is Buffalo the town might not have a choice about Buffalo the team.' … [Read more...] about Sabres derailed money train may not have all aboard
Dicaire expects Sabres contract
'Dicaire said if he signs with the Sabres he'll probably be based with their farm team in Rochester, N.Y., where he'll train for a couple of years. On the other hand, if he doesn?t sign, he said he?ll go back into the draft.' … [Read more...] about Dicaire expects Sabres contract
Sabres sign two draft picks; lose rights to Dicaire
'The Buffalo Sabres signed two draft picks to three-year deals, including center Paul Gaustad, on Saturday and lost the rights to second-round pick Gerard Dicaire.' … [Read more...] about Sabres sign two draft picks; lose rights to Dicaire
Major Investor May Help Save Adelphia Communications
'If Adelphia defaults and goes into bankruptcy and the Sabres are pledged against collateral for the 150 million dollar loan, then it's a real possibility the Sabres could be sold or be taken over. If there is a bankruptcy and local investors do not step in, the Sabres could be skating in another city.' … [Read more...] about Major Investor May Help Save Adelphia Communications
Rigas' financial troubles place future of Sabres in question
'"There's a group of people that have the financial resources and the desire to become involved in the team if there's an opportunity," Giambra said. That, combined with assurances he received from NHL commissioner Gary Bettman to keep the team in Buffalo, left Giambra optimistic about the team's future in the city with or without the Rigas family … [Read more...] about Rigas' financial troubles place future of Sabres in question