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St.Louis Blues will be sold before season begins

Updated on July 12, 2012

St.Louis Blues will be sold before season begins

Blues chairman Dave Checketts said today that he expects the sale of the team to be finalized by the start of the 2011-12 season, reiterating what Game Plan’s Robert Caporale told the Post-Dispatch last week.

Depending on what article you read, there are between 2 and 5 possible buyers for the team. The two that stand out are Chicago businessman Matthew Hulsizer, who had tried to buy the Phoenix Coyotes. And Tom Stillman, chairman and CEO of Summit Distributing in St. Louis and currently a minority owner of the Blues with a 10% share. Stillman had made an offer of a reported $100 million was rejected a few months ago.but according to Game Plan he remains in the hunt. This can be really good news as he would most certainly want to keep the team here in Saint Louis. As for the other potential buyers, no one has came forward to say if they wanted to keep the team here or move them. Forbes Magazine has placed the value of the Blues at $165 million.

Cross your fingers and we will see if the team has a new owner by the start of the season. The Blues will open up the season on Sat Oct 8, 2011 at 7 pm against the Predators.


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    • daskittlez69 profile image

      daskittlez69 6 years ago from midwest

      Yeah it is crazy. Americans are out of work, losing their homes, and starving. But we continue to spend millions on sports teams. Then you have NHL players and owners that say they aren't making enough money.

    • platinumOwl4 profile image

      platinumOwl4 6 years ago

      Since I am not a sports fan I don't really know anything about the blues. Actually, I was under the impression this hub had something to do with the music of St Louis. Oops, my mistake. Nevertheless I am familiar with the buyers, and I amazed at the amount of money that is available for team purchases.