Kukla's Korner Hockey
by Paul on 01/20/12 at 02:54 PM ET
from Jeremy Rutherford of the St. Louis Post-Dispatch,
A group led by Blues minority owner Tom Stillman has signed a purchase agreement to buy the club, a source has told the Post-Dispatch.
The Blues and Stillman must now complete the sale and have it approved by the NHL, a process that could take several weeks. The league’s Board of Governors will meet Jan. 28 in Ottawa during the all-star festivities, but it’s expected that only an update on the Blues’ situation would be discusssed, not a vote.
The step of Stillman’s group signing a purchase agreement comes 2 1/2 weeks after the NHL terminated a purchase agreement between the Blues and Chicago businessman Matthew Hulsizer. The league then granted Stillman an exclusive negotiating window, leading to today’s news of a signed purchase agreement.
The price of the package, which includes the Blues, the team’s top minor-league affiliate in Peoria, Ill., the Scottrade Center lease and significant interest in the Peabody Opera House, is expected to be approximately $130-135 million.
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.org