Tangled Up In Blues

Checketts says he hopes to find buyer that will keep Blues in St. Louis

Blues Chair Dave Checketts yesterday revealed that he "has decided to put the team and Scottrade Center lease up for sale," and "all 100 percent of the team/lease is available," according to Bernie Miklasz of the ST. LOUIS POST-DISPATCH. Since last May, Checketts has "sought investors to replace the roughly 70 percent of the franchise owned by TowerBrook Capital Partners." Checketts said that he had "lined up financing to take over TowerBrook's shares but negotiations reached an impasse," as the parties were unable to agree on the "value of the shares held by TowerBrook." He said, "The bottom line is I've been unable to make a deal with them. As a result, I've got to turn from being a buyer to a seller." Checketts and his investment firm, S ...