Jan 20, 2012, 11:07 AM EDT
The Post-Dispatch is reporting that a purchase agreement has been signed to sell the St. Louis Blues to a group led by minority owner Tom Stillman. (Or, former minority owner, as the case may be.)
It was previously reported that Dave Checketts, who purchased the club in 2005, would not retain any ownership interest should Stillman’s group be successful in its bid.
What this means for the hockey team is unclear. The Blues have been carrying a significant amount of debt, according to Forbes. If debt levels (and accompanying interest payments) are reduced through the sale, it could theoretically mean more money for player salaries.
The Blues have plenty of cap space. Could they be buyers at the trade deadline?
- Video: Flames, Canucks combine for over 100 PIM in wild line brawl 10
- Preds torch Crawford, Hawks; even series at 1-1 23
- Report: Kings’ Stoll arrested for cocaine, MDMA possession (Updated) 66
- Huge loss for Preds as Weber (lower body) knocked out of Game 2 7
- Sabres? Oilers? Coyotes? Leafs? ‘Canes? — McDavid would be happy to play for any of them 37
- Stone a game-time decision, Sens downplay retaliation for Subban slash 25
- Flyers fire Berube 48
- Klingberg signs seven-year, $29.75 million extension with Stars 10
- Video: Perry paces Ducks to victory over Jets with four-point night 13
- Video: Wild hold off late push from Blues 38
- Stone suffered microfracture on Subban slash, Sens confirm (102)
- Report: Players growing tired of Darryl Sutter (94)
- Bruins fire Chiarelli after missing playoffs (75)
- PHT Morning Skate: Ottawa Sun runs with front page headline ‘Heads Up, P.K.’ (74)
- Report: Kings’ Stoll arrested for cocaine, MDMA possession (Updated) (67)