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Entries with the tag: tom golisano
From Elliotte Friedman at CBC.ca:
While researching how different organizations approached scouting, several other teams ripped Buffalo’s approach. At the time, Golisano considered that self-serving, because those people stood to lose their jobs if “The Sabre Way” caught on. But, what interested me most was a common thread throughout many of those conversations. It went like this: “I’ll explain to you why video scouting is a bad idea. But, I’m not going to rip Darcy because he’s at the mercy of his owner.”
In the interview, Golisano didn’t exactly disprove that theory.
“These scouts are traveling all over the world. All these expenses, could they accomplish a lot more staying in one place with the use of video?” the owner said. “And they believe they can. If somebody interprets that as not being progressive and being regressive, that’s too bad. But we think we’re far more efficient and have a much better scouting organization than we did three years ago.”
Filed in: NHL Teams, Buffalo Sabres, NHL Talk, NHL Business of Hockey, NHL Entry Draft, NHL Media, Hockey Broadcasting, CBC HNIC, Non-NHL Hockey, Minor League, | KK Hockey | Permalink
Tags: darcy+regier, lindy+ruff, sabres+sale, tom+golisano
From Pierre LeBrun of ESPN.com,
On the Sabres front, Pegula has agreed to buy the team for $189 million ($175 million in cash and $14 million in assumed liabilities). It’s good news for Sabres fans because the dude has deep pockets (he’s worth around $4.7 billion). But I was also told yesterday it doesn’t mean he’s going to spend to the cap every year. He’s rich because he’s made smart business decisions in his life. Buffalo remains a small market no matter who owns the team.
more, including what GM Darcy Regier told LeBrun this morning, and more Sabres and NHL ownership talk with LeBrun and colleague Scott Burnside.
From the Buffalo Sabres,
BUFFALO, NY (February 1, 2011)—The Buffalo Sabres today announced that Tom Golisano has reached an agreement to sell the Buffalo Sabres and its related companies to Terry Pegula. The agreement, completed at 1 p.m. today, is subject to certain closing conditions including review and approval by the National Hockey League. It is expected the NHL review process will take several weeks to complete.
Tom Golisano and Larry Quinn will hold a press conference on Thursday at Noon in HSBC Arena. There will be no further comment until the press conference.
Terry Pegula will not be at Thursday’s press conference.
From The Buffalo News,
It appears the Buffalo Sabres will finally announce the sale of the team to Pennsylvania billionaire Terry Pegula on Thursday. No surprise there.
But here’s a stunning transaction they’ve never publicized: A contract extension was handed out some time last fall to embattled General Manager Darcy Regier, who was widely believed to be on his way out once Tom Golisano sold the franchise he purchased in 2003.
The News has learned Golisano gave Regier a two-year extension, a deal the team has never announced. The contract’s total value is believed between $2 million and $2.5 million.
from The Buffalo News,
RALEIGH, N.C. — Billionaire businessman Terry Pegula today is expected to take a major step toward buying the Buffalo Sabres when he meets with the NHL executive committee during All-Star Weekend. He will outline his plans to purchase the franchise for $175 million.
The presentation before the panel is considered one of the last hurdles he must clear before officially assuming ownership from Rochester billionaire Tom Golisano. Pegula is expected to be approved by the executive committee over the next several days before the purchase is voted upon by the full NHL board of governors in the next few weeks.
There is a misguided notion among some Sabres fans hungry for change that the timing of the impending sale to triple-billionaire Terry Pegula will potentially put a freeze on some much needed player transactions as the February 28th trade deadline approaches. If history is an indicator, don’t fret.
Assuming Buffalo is still out of the playoff picture in five weeks, GM Darcy Regier will best serve the organization by putting on his seller’s cap and stockpiling some draft picks and prospects in what’s starting to look a lot like his final trade deadline at the helm of this team.
Regier has been in this position before, in 2003 to be exact, when Tom Golisano was in the process of saving the franchise. But while the wheels were turning behind the scenes as a transfer of ownership was slowly being completed, Regier wasn’t exactly sitting around contemplating his job status.
He cut ties with veteran forward Vaclav Varada. He parted ways with fan favorite Rob Ray. He moved Stu Barnes to tears when he dealt his captain to Dallas. And in the most brilliant execution of stratagem imaginable, he somehow convinced then-GM Mike Barnett of Phoenix that the Coyotes would be a better team with Chris Gratton than with Daniel Briere.
Filed in: NHL Teams, Buffalo Sabres, | KK Hockey | Permalink
Tags: buffalo+sabres, chris+gratton, daniel+briere, darcy+regier, rob+ray, stu+barnes, terry+pegula, tim+connolly, tom+golisano, vaclav+varada
From Nick Mendola of WECK-1230 AM:
A source reached out to me and says the sale of the Buffalo Sabres is imminent. While the source could not name Terry Pegula as the buyer, they did inform me that some high-ranking members of Paychex, a company Tom Golisano owns, have received notice that their use of the owners box will cease by the next “home games” due to the impending sale of the team.
Joyous Russian hockey fans weren’t the only ones enthusiastically counting down the final seconds of the World Juniors gold medal game last night.
No sooner had an ecstatic group of Russian teenagers on HSBC Arena ice started celebrating and screaming stuff that we couldn’t understand than Sabres fans at home began holding their breath in anticipation of “The Announcement”.
It was as if they were glued to the television waiting for Managing Partner Larry Quinn to walk out onto the ice right after the Russian anthem, grab the microphone, look into the TSN cameras and spill the beans. “Igor, Yevgeni, great job tonight. Now, for those of you Buffalo Sabres fans who may be watching, I have some exciting news…”
BUFFALO, N.Y. (WGRZ)—A source close to the situation tells 2 On Your Side’s Scott Brown that the sale of the Buffalo Sabres to Pennsylvania billionaire Terry Pegula is expected to be announced at some point after the World Juniors Championship wraps up next week.
We’re told the timing of the announcement is being dictated by Sabres owner Tom Golisano.
Golisano may come to Buffalo for the tournament next week, and doesn’t want an announcement regarding the sale of the team detracting attention from the tournament, which is a point of pride for the Sabres’ organization.
Our source says that Golisano has reached an agreement in principle for the sale of the team to Pegula.
via the National Post,
Nine-time Grand Slam champion Monica Seles is dating Thomas Golisano, owner of the Buffalo Sabres, the New York Post reports.
Golisano confirmed the relationship to the Post’s Page 6 on Tuesday when the newspaper asked if the two were dating.
“Why do you want to know?” he asked coyly, before replying, “Monica and I see each other.”...
There are 32 years difference between Seles, 35, and Golisano, 67.
From Jim Kelley at Sportsnet.ca:
One thing we’ve learned is that the art of denial is exactly that; it is an art form and it has reached new and fascinating heights.
For instance, lost in a spate of denunciations is the fact that no one in the Sabres organization denied the original point of the story that the team is for sale. What minority partner Larry Quinn said was that, “We are not in negotiations to sell the team.” Quinn neither named the “we” nor did he say that team owner Tom Golisano, the man most likely to be in the discussions to sell the franchise he purchased out of bankruptcy in 2003, was or was not involved. In fact, Golisano is said to be at the winter meetings in Florida but nowhere to be seen or heard. The owner made no public appearance after Day 1 of the Board of Governors meetings despite the fact he winters in Florida and the other 29 owners have, essentially, come to his house.
from Ryan Kennedy of the Hockey News,
In an interview with CBC’s Elliotte Friedman on the weekend, Buffalo Sabres owner Tom Golisano was roughed up by the sharp reporter on several fronts, but most illuminating was Golisano’s claims the Sabres may not make money this year. To which my heartfelt response is:
from Bucky Gleason of the Buffalo News,
In the real world, the boss is the boss. Not happy with the boss? Find a way to make things work or look for another gig. In the NHL, the boss is the boss until players approach unrestricted free agency. And that’s when the boss stops calling the shots, and the player becomes the boss….
Unfortunately, it’s not going to change unless owners regain some leverage over players. There’s talk about including term limits on contracts under the next CBA. The issue was considered but pushed to the side during the lockout. No-trade clauses should be outlawed. The NFL-style franchise tag should be included. Teams should be able to negotiate extensions two years before a contract expires, not one.
Last night Elliotte Friedman of HNIC did another great inteview with Sabres owner Tom Golisano. You will get a pretty good picture of the way Golisano thinks and I recommend you watch it.
To get to the video, click here, then select Hockey Night In Canada from the left sidebar, then Mar.1 Inside Hockey.
fro the AP via the Post Star,
“Who wouldn’t want to keep Brian Campbell?” Golisano said. “But the fact of the matter is, just our desire to keep him is not the only factor. ... We have to deal with the issues of other player’s salaries, and we can’t go beyond certain limits.”
Golisano noted the Sabres are on track to finish with a winning record for the third straight season, after having losing records the previous three years. And he noted the Sabres have been hampered by injuries that have contributed to them losing 13 games by one goal, including eight shootout losses.
“Look how competitive we’ve been these last three weeks,” Golisano said. “How can you argue with the results? I’m sure they’d like to block out that 10-game (winless) streak and have a chance to do it over again, but that’s not reality. So on we go.”
Larry Brooks on the Teppo Numminen suspension,
There were, as well, no considerations of human decency involved here either, and the whole world now knows that. It’s quite the partnership this owner has his with players, this owner who may or not believe that charity begins at home but most assuredly does not believe that charity begins with the home team.