Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Franchises

Tom Stillman Reportedly Signs Purchase Agreement To Buy Blues

A group led by Blues minority owner Tom Stillman “has signed a purchase agreement to buy the club,” according to a source cited by Jeremy Rutherford of the ST. LOUIS POST-DISPATCH. The Blues and Stillman “must now complete the sale and have it approved by the NHL, a process that could take several weeks.” The league's BOG will meet Jan. 28 in Ottawa during All-Star Weekend, but “it's expected that only an update on the Blues' situation would be discussed, not a vote.” Stillman's group “signing a purchase agreement comes 2 1/2 weeks after the NHL terminated a purchase agreement between the Blues and Chicago businessman Matthew Hulsizer.” The purchase agreement between Stillman and the Blues “is an adaptation of the Hulsizer deal.” The price of the package, which “includes the Blues, the team's top minor-league affiliate in Peoria, Ill., the Scottrade Center lease and significant interest in the Peabody Opera House, is expected to be approximately $130-135 million.” While Blues Chair Dave Checketts and TowerBrook Capital Partners “are listed as the sellers in the process, the league is guiding the transaction.” Sources have indicated that if the club “went much longer without the completion of a sale, bankruptcy was a strong possibility for the franchise” (STLTODAY.com, 1/20).

HOLDING PATTERN WITH COYOTES: The GLOBE & MAIL's Eric Duhatschek reported NHL Commissioner Gary Bettman attended Wednesday's Coyotes-Ducks game and "spent part of the day briefing" Coyotes GM Don Maloney on the "sale/no sale of the franchise, which continues to operate under NHL control." Bettman indicated "nothing is imminent" regarding a sale. He said, “At some point, if we can’t get it resolved for next season, we’ll have to consider our alternatives - but that’s not new news” (GLOBE & MAIL, 1/19). Bettman Thursday said on his weekly Sirius XM radio show said, “Nothing new to report. It remains a work in progress. I know people would be anxious to have me say, ‘This is the timetable. We’re done.’ We still have time. We’re still working on it and we still remain optimistic.” Bettman added that in the “absence of a purchaser, I don’t think the city is prepared to continue what it’s doing.” He said, “From our standpoint, despite all of our best efforts, if we can’t get it done … we may need to consider alternatives” (“The NHL Hour with Commissioner Gary Bettman,” NHL Radio, 1/19).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/01/20/Franchises/Blues.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/01/20/Franchises/Blues.aspx

CLOSE