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Sale Of The Blues Now Up In the Air

from Jeremy Rutherford of the St, Louis Post-Dispatch,

The NHL-imposed deadline for the sale of the Blues to Matthew Hulsizer is less than 48 hours away and it’s unlikely, but still possible, that a deal will be completed in time according to multiple sources with knowledge of the process.

“It could go either way,” one source said.

Almost two months ago, the league gave Hulsizer until Dec. 31 to finalize the purchase. And despite sources’ claims that a closing had been imminent in recent weeks, nothing has materialized. The hang-up appears to be the ability of Hulsizer and Dave Checketts to provide sufficient equity and perhaps secure the necessary bank financing to guarantee the viability of the ownership group.

continued

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
 

Comments

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“I want to buy this team.”
“Do you have the money?”
“Well, that’s where it gets a bit tricky…....”

Posted by Guerin'sBackcheck on 12/30/11 at 07:22 PM ET

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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.

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