Tag: Dave Checketts


Blues sale looking likely as purchase agreement signed


The Post-Dispatch is reporting that a purchase agreement has been signed to sell the St. Louis Blues to a group led by minority owner Tom Stillman. (Or, former minority owner, as the case may be.)

It was previously reported that Dave Checketts, who purchased the club in 2005, would not retain any ownership interest should Stillman’s group be successful in its bid.

What this means for the hockey team is unclear. The Blues have been carrying a significant amount of debt, according to Forbes. If debt levels (and accompanying interest payments) are reduced through the sale, it could theoretically mean more money for player salaries.

The Blues have plenty of cap space. Could they be buyers at the trade deadline?

PHT Morning Skate: In which we worry about where the Leafs are headed

Toronto Maple Leafs v Washington Capitals

PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

Wondering if the Leafs’ latest losing ways are something to worry about? Yeah, so are we and so is James Mirtle. (Globe And Mail)

Brad Richards has another reunion with an old team coming up against the Stars and he’s eager to get it on. (ESPN New York)

Jaroslav Spacek said he expected Montreal to trade him. I wonder if Jacques Martin expects to be fired then? (Montreal Gazette)

Dater reports that Paul Stastny will be back in action tonight. They hope the Paul Stastny of old shows up instead of the guy who’s been around lately. (All Things Avs)

Islanders draft pick and current Boston University stand out Corey Trivino is in a lot of trouble after being arrested and kicked off the team. (The Prospect Park)

Blues chairman Dave Checketts might have new duties to fulfill with the team when Matthew Hulsizer buys the team. (Post-Dispatch)

Daniel Alfredsson is still going strong in Ottawa at nearly 40 years-old. (Ottawa Sun)

The Predators’ power play of late is winning friends in Nashville and influencing victory. (Tennessean)

Ryan Kesler going back to the state of Ohio is always a fun thing for him after his days playing hockey at Ohio State. (Canucks)

Did you miss the best plays of the week? The guys on NHL Overtime didn’t so here they are for you to check out.

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Brett Hull wants to own a part of the Blues

Brett Hull
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I cannot say that Brett Hull is definitively the best St. Louis Blues player ever. In fact, he might not even have been the best of his generation. Yet when I think of the ’90s-era Blues, his blistering one-timer is the first thing that pops into my head. Hull received the statue treatment recently to cement his impact on the past, but Jeremy Rutherford reports that he might make his own imprint on the future by becoming a partial owner.

Hull reportedly expressed interest to become part of Tim Stillman’s group, which hopes to buy the team from Dave Checketts. Stillman is currently a minority owner of the Blues.

Better yet, Hull wants to become involved with the team in a way that goes beyond “investor,” according to Rutherford. (Insert “Ambassador of Fun” joke here.)

Naturally, none of this is official; Rutherford received the usual round of “no comment” answers when he asked Hull & Co. It seemed like Matt Hulsizer was the frontrunner to become the majority owner of the Blues, but this development could throw an interesting bit of intrigue into the situation.

If it’s true, of course. Read more about it here.

Former Coyotes savior Matthew Hulsizer has verbal agreement to purchase the Blues

Matthew Hulsizer

When Matthew Hulsizer was in line to be the guy to help save the Phoenix Coyotes from imminent doom in the desert and purchase the team, it was a crushing disappointment for fans there when things couldn’t be pieced together as he gave up on trying to buy the moribund franchise.

Now, Hulsizer is set to be the guy that helps keep sanity alive in St. Louis as he’s got a verbal agreement to purchase the Blues from Dave Checketts.

Jeremy Rutherford of the St. Louis Post-Dispatch has the breaking news on Hulsizer’s new means of getting into the NHL ownership club.

Two of the sources said that Checketts has signed a letter of intent and believe the deal is with Hulsizer, although one source indicated that it’s a verbal agreement and is far from being completed. The deal is not considered binding and would not become official until the two sides enter a purchase agreement and it’s approved by the NHL.

It appears, however, that if the negotiations progress in the current direction, Hulsizer would become the Blues’ No. 1 investor and Checketts could remain in the management of the franchise.

Checketts was unavailable for comment Wednesday, according to a spokesman for his company, SCP Worldwide. Neither Hulsizer nor his business partner, Brad Goldberg, have returned messages left by the Post-Dispatch.

Checketts had always seemed reluctant to fully get out of the game but the financial concerns of ownership were becoming too much for him. The Blues have been sorting through bidders very carefully, but Hulsizer’s interest became apparent almost immediately after his deal with the Coyotes fell through.

If Hulsizer can get a deal worked out in St. Louis he’ll complete his quest to own a NHL team after spending months pursuing the Coyotes. His interest in the Blues is a good one for the franchise as he’s a midwest guy. Hopefully being from Chicago won’t be too big of a problem for Blues die-hards as their hate for the Blackhawks is large.

As we’ve seen with other ownership dealings in the past (most of them in Phoenix of late) a verbal agreement doesn’t mean it’s a done deal. Until documents are signed and resolved, nothing is over. For St. Louis, however, if they can get a deal done it’ll fulfill their hopes of having a sale at or near done before the season is fully underway. Better late than never I suppose.

Calgary businessman’s cash bid to buy St. Louis Blues shot down

St. Louis Blues logo
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The St. Louis Blues have been saying throughout the summer that they felt they could get a deal done to sell the franchise. Current owner Dave Checketts is looking to get out of the game and give the opportunity to buy the team to someone else.

One person who wanted to buy the Blues was Calgary businessman Max Chambers. Chambers is the CEO of Sonoma Equities and Great Northern Capital Partners and worth a bit of a money himself. Chambers had a hefty bid to put in for the Blues, but was told that it just wasn’t good enough.

Jeremy Rutherford of The St. Louis Dispatch has the story about how Chambers’ all cash bid just wasn’t up to snuff for Checketts and his company, SCP Worldwide. Chambers gives his take.

“The offer of $167 (million) was my maximum,” Chambers said. “We think that’s the most they’ve been offered. Obviously they haven’t been offered $190 because $190 was the figure to take it off the auction block. I don’t think anyone has over-topped our offer of $167.

“I think $190 is a little aggressive with the value of the franchise. We felt $167 was aggressive, so their counter at $190 was real aggressive in our view.”

Playing a game of chicken when it comes to buying a team is a fun way to negotiate but Chambers’ bid isn’t the only one out there for the team. A group that involves Hall of Famer Bryan Trottier is also out there for the Blues to examine a bid from. Whether or not they’re looking at paying the $190 million asking price remains to be seen.

Still, turning down an all cash bid like that either shows the Blues have a better offer elsewhere or they’re going to hold a hard line to get the money they’re looking for. If the Blues are looking to make their own deadline, let’s hope that it’s the former rather than the latter so the NHL can avoid having yet another ownership debacle to deal with.