PattyLa16
Queen of the Random Thought
Joined: 17 Oct 2007
Posts: 606
Location: Buffalo, NY
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 Posted: Mon Nov 19, 2007 1:51 am Post subject: Amerks are broke... |
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...and apparently owe the city of Rochester, New York State and the Sabres a bunch of money.
Review says AHL team is virtually broke
| Quote: |
The Americans have sought a $100,000 loan from the city, to be added to an earlier, now past-due $500,000 loan. Richards said the city would not offer the team any more money until its management and financial issues were fixed.
Americans President Steve Donner in court Friday fended off a minority owner’s attempt to strip him of oversight of the Americans and the Knighthawks of the National Lacrosse League. The minority owner’s lawyer claimed that the Buffalo Sabres decided not to continue with the minor-league Amerks after this season. The Sabres declined comment. The Americans said no decision has been made.
The state has filed a lien against the Americans for $18,300 in unpaid sales taxes, plus penalties and interest. The Sabres notified Donner last week that the Americans were in default, owing $27,000 as part of the affiliation agreement.
Donner says the teams are on solid footing and that he mailed the Sabres a check on Friday. He says the minority owner, Randall Latona, is trying to take over the team and the city is misinformed. |
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