St.Louis Blues will be sold before season begins
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.