Dallas/St Louis sales -- setting the market, same bidders?

Discussion in 'Fugu's Business of Hockey Forum' started by LadyStanley, Aug 10, 2011.

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  1. LadyStanley

    LadyStanley RIP Fugu

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    http://www.stltoday.com/sports/hockey/professional/article_d6da7550-649d-5954-90ec-71b296bce4e0.html

    St Louis buyers have until 8/22 to submit (non-binding) bids.

    However, some of the guys putting bids in on the Dallas franchise, might shift to attempt purchase of St Louis, if their bid is not accepted, including Gaglardi.

     
  2. David Dennison

    David Dennison Registered User Sponsor

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    Hulsizer is keeping his cards close to the vest, I have a feeling he will make a decent bid for the Blues

    I also think Christopher Charlton is probably one of the Dallas groups that are interested in the Blues. Greenberg, the Cuban/Quinn/Lites group, and Miller all have Dallas roots, and probably dont have interest in teams outside of Texas.
     
  3. MissouriBlues2008

    MissouriBlues2008 Registered User

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    $200 million? Wow.

    All I want is a good owner who will keep this team competitive. And of course, keep the team here, but the Blues seem likely to stay put.

    I am grateful to Checketts. He may have saved the Blues from being moved, but a new owner with more cash may also be a good thing.

    The Blues have a bright future and a good fanbase and a suitable newish arena, so maybe it shouldn't be a surprise that there are some interested parties.

    A Sporting News article I read said that Towerbrook sent out requests for bids from ten interested parties. That seems to be a few more than previously reported.

    I wonder why Checketts set his deadline on August 22. Is it because the Stars set the same deadline?
     
  4. sh724

    sh724 Registered User

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    There could be a few reasons for that date, it could be because of when the loan extension runs out or it could be so the team will be sold before the season starts if he sells the team in say November and the team gets off to a horrible start it could lower the value of the team.
     
  5. Kritter471

    Kritter471 Registered User

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    The Stars don't have a deadline now per se. We know that Gaglardi has turned his official offer paperwork into the NHL. From there it will be submitted to a Ft. Worth bankruptcy court (the same court that handled the sale of the Texas Rangers), and the other potential buyers will have 30 days to examine the offer. At the end of that time frame, there will be a court-run auction with Gaglardi's bid as the starting bid - the lenders have already indicated that his bid is acceptable, and the bids can only get higher at the auction obviously.

    Some reports have mentioned that the lenders want out by October as that is when they'll have to start paying players again, but nothing concrete has come out on that.
     
  6. cbcwpg

    cbcwpg Registered User

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    http://www.theglobeandmail.com/spor...ers-market-for-nhl-franchises/article2125883/

    Reality, according to the anonymous investment banker, is that there are two serious bidders for the Blues at best and neither is willing to put up enough cash to even cover the $120-million (all currency U.S.) bank debt the current owners have on the team. Caporale declined to say who received requests for bids but multiple sources say the main suitors are two groups led by Blues minority owner Tom Stillman and Chicago businessman Matthew Hulsizer, who turned his attention to St. Louis when the political shenanigans around the Phoenix Coyotes grew tiresome.
     
  7. blues10

    blues10 Registered User

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    A lowball offer and the name Matthew Hulsizer seem to go hand in hand.:naughty:
     
  8. Dado

    Dado Guest

    Even a "made man" like the Blues can't fetch $120M?

    Good grief.
     

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