Stillman's group finalized the buyout well before the Blues won their first-ever Stanley Cup this monthGETTY IMAGES
The Blues' ownership group led by Chair Tom Stillman "completed its acquisition of the minority interest in the team previously held by Sports Capital Holdings and now owns every bit of the club," according to Jim Thomas of the ST. LOUIS POST-DISPATCH. The acquisition was "approved unanimously" yesterday by the NHL BOG at its meeting. SCH was the "holding company of the previous Blues ownership group, which was in place" from '06-12 under the leadership of former Owner Dave Checketts. With the new arrangement, "every member of the existing ownership group remains in place, with Stillman continuing" as Chair & Governor. Stillman "declined to disclose what percentage of the total franchise value the minority interest held." The agreement was struck for the Blues' ownership group to buy the minority share a "little more than two months ago." Stillman said, "Having an all-local group insures that the direction of the club is set with St. Louis top-of-mind, and with an understanding of what's important to St. Louis and to St. Louis Blues fans" (ST. LOUIS POST-DISPATCH, 6/20).
