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?
- MacKinnon, Avs shine against Wild, take 2-0 series lead 13
- Video: Roenick says MacKinnon is more dominant at 18 than Crosby was 11
- Blue Jackets gain first-ever playoff win, tie series with Penguins 1-1 33
- Video: Seabrook ejected for charging Backes; will face hearing (update) 110
- WATCH LIVE: Columbus Blue Jackets at Pittsburgh Penguins (Game 2) 4
- Blues come back to stun Blackhawks 4-3 in overtime, take 2-0 series lead 30
- WATCH LIVE: Chicago Blackhawks at St. Louis Blues (Game 2) 4
- Flyers’ Mason out of Game 2, Emery to start again 51
- Lucic fined $5,000 for spearing DeKeyser 77
- Getzlaf powers Ducks to Game 2 victory, 2-0 series lead over Stars 7