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Blues sale looking likely as purchase agreement signed

Jan 20, 2012, 11:07 AM EDT

Blues Getty Images

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?

  1. pittsburghpoonslayer - Jan 20, 2012 at 11:16 AM

    sell the team to mario lemeiux and maybe they’ll be good one day. bums

    • smdy87 - Jan 20, 2012 at 11:43 AM

      @pittsburg….. Yeah and hows Sidney Crysby doing these days?

    • t16rich - Jan 20, 2012 at 1:05 PM

      Mario was given the Penguins, Pens owed him 30 mill, so him and his business partner worked a deal and bought them. But Marios percentage was essentailly given to him.

    • elvispocomo - Jan 20, 2012 at 4:26 PM

      Is it just me or does your username sound like that of a guy who lives in his parents’ basement and the only ‘poon’ he slays is in World of Warcraft?

      If that doesn’t give it away, perhaps your juvenile commentary is enough to do so.

  2. brockohol - Jan 20, 2012 at 1:10 PM

    yep good call Pittsburgh. maybe he could invest all of the teams cap space in 2 players, that way when they get hurt the rest of the team sucks because the next beat player is Matt f-ING cooke.

    blues will be buyers by default if they get McDonald and Steen back before the playoffs

  3. cardsandbluesforever - Jan 20, 2012 at 1:13 PM

    looks like someone is butt-hurt because a team that doesnt have over-paid injured players is kicking their butts in the standings and on the ice….

  4. pittsburghpoonslayer - Jan 21, 2012 at 10:13 AM

    yea I guess having 2 of the best players in the game is a terrible thing to have.. and on a nice 5 game win streak. be jealous

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