SBD/5/Franchises

KNOX FAMILY SELLS SABRES TO ADELPHIA COMMUNICATIONS' RIGAS

          Sabres Chair Northrup Knox and Adelphia Communications
     Corp. Chair John Rigas signed a memo of understanding
     calling for the restructuring of the Sabres under which
     Adelphia and Rigas would acquire control of the team and
     make a capital investment.  Existing Sabres partners would
     receive a partial return of their investment while
     continuing to hold subordinate notes.  As part of the
     agreement, Rigas was elected Interim Chair of the Niagara
     Frontier Hockey Management Corp., general partner of the
     Sabres, replacing Knox, who concurrently resigned (Sabres). 
     In Buffalo, Jim Kelley reported that sources said Rigas will
     have "near complete ownership," perhaps as much as 90% 
     (BUFFALO NEWS, 1/1).  In Toronto, Dave Fuller reported that
     Sabres President Larry Quinn "is expected to be replaced" by
     one of Rigas' sons in the next few weeks (TORONTO SUN, 1/5).

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