Here's what you're missing. ONCE A NEW OWNER COMES ON THE SCENE, it's not about "not losing money", or about "surviving". The new owner MUST get a decent return on his investment.
Maybe we get lucky and the new owner has a heart for Buffalo, but it wiser to build a franchise that doesn't require that. This is why the steps Brandon has taken toward the Toronto regionalization effort is so essential.
If the new owner demands a new stadium, then you know he really is primarily money driven and the economics become even worse for Buffalo.