St. Louis Blues search for new investors going slowly

1 Comment

st-louis-blues-logo.gifWe’ve seen this summer get dominated with talk about the search for owners in Phoenix and Dallas but there’s another team that’s in search of new financial blood and they’re finding that their search could drag on for a while. The St. Louis Blues lead investment group TowerBrook Capital Partners, a group with as much as a 75% share of the team, are looking to divest their interest a bit and they’re having a hard time finding people that want a piece of the pie. Jeremy Rutherford of St. Louis Today breaks down the goings on in a lengthy piece detailing the varied issues happening with the Blues.

It was no surprise to the Blues when TowerBrook announced its decision to divest in May. Ownership knew that TowerBrook had a four- or five-year window on its investment, and June completed four years.

But now, with the position in which the Blues find themselves — seeking a new investor during a critical period of the rebuilding process — some have questioned the decision to allow a private-equity firm with a limited horizon to finance such a large stake in the team.

That raises a huge question about whether or not having such groups that are seemingly getting involved in buying teams just for the short-term is actually a good thing. After all, hockey teams tend to thrive if they’ve got consistent leadership behind the bench a system that works for everyone involved. Having constant turnover is a good way to make sure people are never really sure what’s going on. Then again, given what’s happened in Dallas and Phoenix with their singular owners, perhaps having a group ownership isn’t so bad in the first place.

Some in St. Louis are nervous that Blues owner and figurehead Dave Checketts could be on the way out should anything happen if a new investment group take over, but it’s believed that Checketts is viewed to be too important to lose and would likely be retained because of his visibility in the St. Louis community and amongst other NHL owners.

Columbus collapse: Rangers spoil Blue Jackets’ opener

Jarret Stoll, Mats Zuccarello
Leave a comment

For a little more than a minute, Brandon Saad was going to be the story of the Columbus Blue Jackets’ opener. Instead, his power-play goal merely got the ball rolling on a flabbergasting finish.

The New York Rangers scored three goals in 1:17 of game time to manage a 4-2 win. They’ve spoiled home openers for the Chicago Blackhawks and Columbus Blue Jackets to begin their 2015-16 season.

It might be easiest just to show you when the goals were scored, noting that the third period began with a 1-1 tie.

Brandon Saad power-play goal: 16:10 into third period (2-1 Columbus)
Oscar Lindberg: 17:24 (2-2 tie)
Kevin Hayes: 17:41 (3-2 Rangers)
Mats Zuccarello: 18:41 (4-2 Rangers)

Yikes. Zuccarello scored two of the Rangers’ goals, while a beauty by Cam Atkinson is likely long forgotten.

This post will be updated if there’s video of that staggering sequence.

Welcome back, Babs: Red Wings chase Bernier

Mike Babcock
1 Comment

Mike Babcock admitted that there might be a painful transformation as he tries to fix the Toronto Maple Leafs.

His old friends made that abundantly, painfully clear on Friday.

As of this writing, the Detroit Red Wings are up 4-0 on the Buds. Justin Abdelkader just completed a hat trick with James Reimer in net, so the subplot isn’t just about Jonathan Bernier having another tough start.

The big story might just be Detroit’s varied new line of Abdelkader, Dylan Larkin (who scored his first career goal) and Henrik Zetterberg. At the moment, they’ve combined for seven points.

This post will be updated if Detroit’s tribute video to Babcock surfaces.

Really, though, this beating has been about as ugly as this blanket so far.