Golisano to buy Sabres

Billionaire B. Thomas Golisano has signed an asset purchase agreement to buy the bankrupt NHL Buffalo Sabres, all but securing the team’s future in Buffalo after eight months of uncertainty, a league source said Thursday.

Golisano now must seek final approval of the purchase from U.S. Bankruptcy Court in Buffalo. Golisano’s offer is scheduled to be presented to Judge Michael Kaplan at 10 a.m. Friday.

The source, who is familiar with the negotiations and spoke on condition of anonymity, said more details will emerge Friday afternoon. Golisano has scheduled a news conference for 1:30 p.m. Friday at HSBC Arena, the Sabres’ home, said Laura Saxby-Lynch, his spokeswoman.

from cbssportsline.com