Reply To: Articles

[hockeygod]

NHL notes: Blues on verge of being sold

QMI Agency, May 8 2012

Another NHL team appears on the verge of being sold.

A day after the Phoenix Coyotes ownership issue was theoretically resolved, with Greg Jamison agreeing in principle of buy the team, word has come down that a group led by Tom Stillman will close his deal to purchase the St. Louis Blues on Wednesday, according to the St. Louis Post-Dispatch.

The group led by Stillman, the Blues' minority owner since 2007, will reportedly pay $130 million for the NHL franchise and its AHL affiliate, the Peoria Rivermen.

Absentee owner Dave Checketts has been trying to sell the team for the last two years, ever since private-equity firm TCP divested its 70% interest. The had a deal to sell the franchise to Matthew Hulsizer but the league ruled in January that the agreement had been terminated after a dealine to complete the deal was missed.

If Stillman gets approval from the NHL board of governors to buy the Blues, Hall of Famer Brett Hull is expected to be hired in a management role. Hull, who was general manager of the Dallas Stars for parts of two seasons, played 12 years for the Blues.

Dean
M.Ed (Coaching)
Ch.P.C. (Chartered Professional Coach)
Game Intelligence Training
"Great education depends on great teaching."