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?
- Agent: Subban hasn’t told me to make him NHL’s highest-paid D 13
- Devils sign Greene to five-year, $25M extension 9
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million 41
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ 52
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 15
- Report: Trottier to join Sabres’ coaching staff 19
- Blues sign former eighth overall pick Mueller 31
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center 45
- Eric Staal has surgery to repair ‘core muscle injury’ 6
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 16
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ (53)
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center (45)
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million (41)
- Richards: If not for the cap, half the league would want to play for Hawks (36)