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NHL Board of Governors OKs sale of St. Louis Blues

NHL Board of Governors OKs sale of St. Louis Blues

May 9th, 2012 in News

ST. LOUIS (AP) - The National Hockey League Board of Governors has unanimously approved the sale of the St. Louis Blues to a group headed by beer distributor Tom Stillman.

The NHL announced the approval on Wednesday. The sale price was not disclosed, but is believed about $130 million.

The Stillman group will become the eighth owner of the Blues since the franchise came into existence in 1966. The group is buying the team from a group headed by Dave Checketts and his Sports Capital Partners Worldwide.

Stillman is chairman and chief executive officer of Summit Distributing in St. Louis and has owned a minority share in the Blues since 2007. Names of other members of the new ownership team have not been announced.