Blues sale looking likely as purchase agreement signed
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?