St. Louis Blues Ownership Bidding Continues

St. Louis Blues Chairman Dave Checketts, unable to find a silent replacement for TowerBrook Capital Partners' majority ownership stake, has announced he'll sell his 20% share in the club.

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St. Louis Blues Owners: Tom Stillman Continues Ownership Quest

According to a report from Jeremy Rutherford Tom Stillman remains in the St. Louis Blues ownership hunt even after his first bid was turned down by the NHL and erstwhile owner and figurehead Dave Checketts. Stillman, a beer distributor who owned 10 percent of the team under the previous ownership structure, made something of a low-ball bid to acquire the team this past month. 

Also in the ostensible ownership group: St. Louis Cardinals team president Bill DeWitt III. 

Given the St. Louis Rams' recent ownership adventures, which began with an unknown auto-parts magnate and ended with a minority owner who was once on the board of a group related to encouraging the NFL's return to Los Angeles, it's reasonable to expect something less than an uncomplicated transfer of power from the private-equity group that owned the Blues and whichever local bigwig decides to save them this time.

Stillman seems relatively normal now, but it's only a matter of time before we learn that his real plan is to knock down the EdwardJones Dome and build another domed football stadium on the site, just to frustrate Rams fans into giving hockey a try. 

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REPORT: Dave Checketts Selling St. Louis Blues Share

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. 

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