The St. Louis Blues could find themselves without a chairman if Bernie Miklasz's breaking report on the Post-Dispatch is accurate. He's reporting that Dave Checketts, who owns a 20% share in the Blues and has been trying to find a new majority owner since TowerBrook Capital Partners, a private equity firm that Checketts's Sports Capital Partners brought in to complete their 2005 deal, announced its intent to sell out in 2010. Checketts's original intent was to stay on as chairman with new majority financing, but now it appears that the Blues will have to find buyers for 100% of their shares.
Follow Miklasz's reporting at this address, and keep up with fan reactions at St. Louis Game Time, who notes with a certain dryness that "it looks like Checketts couldn't find that money man that would pay most of the money and do none of the talking." The Blues join the St. Louis Rams in dealing with the problems and occasional excitement that comes with trying to resolve a complicated ownership situation at the same time a team begins the rebuilding process.