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SBD/April 18, 2011/Franchises
Wild Focused On Raising Revenue After Losses Forced Layoffs This Season
Published April 18, 2011
CHECK THIS OUT: The firm leading Dave Checketts' effort to sell the Blues "believes that an improving economy and the continued increase in NHL revenue could lead to the franchise changing hands by the start" of the '11-12 season. Game Plan LLC Founder Robert Caporale said his firm is "just in the beginning stages of the process." He added, "At this point in time, I personally think we will be able to accomplish that." Checketts publicly put the Blues on the market last month, and Caporale said, "The most important thing is that there has been improvement in the economy. Over the last couple of years, there seems to have been fewer people who were willing to make the capital commitment that's required to purchase a major-league franchise. Not necessarily because they didn't have the capital, but because of the economic conditions, they were not willing to invest the capital, or part with it, during difficult economic times" (ST. LOUIS POST-DISPATCH, 4/17).