Beer Distributor Seeks to Purchase Blues (Minority Owner Currently)

[Guy Legend]

Beer distributor seeks to purchase Blues

With Dave Checketts' efforts to replace the Blues' major investor still unresolved, an offer has been made to purchase the team outright from Checketts, multiple sources have told the Post-Dispatch.

St. Louis businessman Tom Stillman, who is already a minority owner, is part of a group that presented a formal bid to Checketts' company, SCP Worldwide, to take control of the club. This is the only known offer for the team, an offer sources said was far less than the estimated value of the franchise.

.......

SCP has rejected the bid from Stillman's group and will continue seeking financial support to replace the Blues' major investor, TowerBrook Capital Partners, and maintain control of the club.

http://www.stltoday.com/sports/hockey/professional/article_27e1608b-8d5b-5a9d-9ea3-ce4756258c9d.html

Click to read more...

 

[Fugu]

The discussions dating from mostly last year on this topic can be found here:

http://hfboards.com/showthread.php?t=774652

I'm tired of mega-threads that never end.


I guess this means that Checketts is still looking, but at some point the price really may be the issue.