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St. Louis Blues’ sale should officially close on Thursday

According to the St. Louis Post-Dispatch’s Jeremy Rutherford, the NHL will formally announce that a group of investors led by Tom Stillman have purchased the St. Louis Blues today, and the announcement may or may not include the presences of both Gary Bettman and one Brett Hull, who’s rumored to be leaving the Stars to join St. Louis’s management team:

On Tuesday, the NHL’s Board of Governors unanimously approved a bid by a group of St. Louis investors that is led by Stillman. The final step is the closing of the sale, which is scheduled for today. Stillman, who has been a minority owner of the Blues since 2007, will be introduced at a news conference Thursday at Scottrade Center. NHL commissioner Gary Bettman is expected to be on hand.

Stillman’s group will become the eighth owner of the Blues since the franchise’s inception, following Dave Checketts/SCP Worldwide (2006-present), Bill Laurie (1999-2006), Kiel Center Partners (1991-1999), Mike Shanahan (1986-1991), Harry Ornest (1983-1986), Ralston Purina (1977-1983) and the Salomon family (1966-1977).

Stillman, who is CEO of Summit Distributing in St. Louis, heads a list of local investors that will pay an estimated $130 million for the Blues, the Peoria Rivermen of the American Hockey League and ‘significant interest” in the Peabody Opera House. In December, Forbes valued the Blues at $157 million, 27th among 30 NHL teams. The team was purchased in 2006 for $150 million.

 

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Paul's avatar

NEW YORK (May 9, 2012)—The National Hockey League’s Board of Governors has approved unanimously the sale of the St. Louis Blues to a group headed by Tom Stillman.

Posted by Paul from Motown Area on 05/09/12 at 01:28 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.

Email Paul anytime at pk@kuklaskorner.com

 

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