Amerks Financial Problems

November 18, 2007 - By

Over the past few days a lot of things have happened regarding the Rochester Americans financial situation, none of it has appeared to be good news.  Everything has been mentioned from bankruptcy, the Sabres buying the team, and the city saying they won’t allow current management to have a team at Blue Cross Arena next season.

The financial situation probably isn’t going to get better anytime soon, but we still have a team playing great hockey.  The team is 6-3-1 in the past 10 games and is at .500 in the standings, so don’t let this news keep you or anyone else away from games!

We’ll try and come up with a summary of it all including speculation over the next couple of days, until then here’s links to various reports on the situation:

Amerks have financial problems
Buffalo News,  United States – 14 hours ago
AP ROCHESTER — A city review of the Rochester Americans’ finances has concluded that the minor-league hockey team is practically insolvent and needs

Financial questions batter Amerks
Rochester Democrat and Chronicle, NY – Nov 17, 2007
(November 17, 2007) — City Hall has finished its review of the Rochester Americans’ finances, concluding that the hockey team is insolvent,

City Refuses to Loan Money to Amerks
13WHAM-TV, NY – Nov 16, 2007
Rachel Barnhart ( Rochester, NY) – The city will not loan the Rochester Americans any money or let them play at the Blue Cross Arena next year if the team

Judge May Appoint Receiver for Amerks
13WHAM-TV, NY – Nov 16, 2007
Rachel Barnhart ( Rochester, NY) – The Rochester Americans have $380000 in assets and $1.775 million in liabilities, according to a lawyer for Randall

Amerks lawsuit
News 10NBC, NY – Nov 16, 2007
State Supreme Court Judge Kenneth Fisher has denied a request to remove Amerks President Steve Donner from the day-to-day operation of the team.

Judge refuses to remove Amerks management
Rochester Democrat and Chronicle, NY – Nov 16, 2007
(November 16, 2007) — A judge today refused to remove current management of the Rochester Americans and Knighthawks, saying a minority owner lacked evidence

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