DBSTalk Forum banner
1 - 1 of 1 Posts

· Hall Of Fame
5,047 Posts
Discussion Starter · #1 ·
As expected, the National Hockey League said Thursday that it will take control of the Buffalo Sabres franchise from owner and former Adelphia Communications Corp. chairman John Rigas.

According to a transcript of a press conference after the NHL's Board of Governors meeting in Toronto, commissioner Gary Bettman said that although the board took no formal action, 'based on discussions we've had and agreements we've made with the Rigases, the operational control of the franchise resides in the league office and through me.'

Bettman said that while the Rigases technically remain the owners of the team, a buyer is being sought.

'That's how we will continue the process -- continue the club's operations and proceed with the sale process,' Bettman said in the statement.

He added that he has been in contact with several parties that are interested in purchasing the team, but he declined to identify them.

According to published reports, Robert E. Rich Jr., owner of the AAA Minor League Baseball affiliate Buffalo Bisons, and Mark Hamister, owner of the Buffalo Destroyers of the Arena Football League, have been trying to form groups to buy the team and keep it in Buffalo, N.Y.

1 - 1 of 1 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.