Word has been going around the past couple days about Blues’ minority owner Tom Stillman making great strides towards getting majority ownership with his group of investors. Yesterday a spokesman for the group said that they were “reaching the finish line,” and it appears that line is within site.
Jeremy Rutherford of the St. Louis Post-Dispatch tweeted this earlier today in regards to the sale:
A group led by Blues minority owner Tom Stillman has signed a purchase agreement to buy the club, a source has told the Post-Dispatch.
— Jeremy Rutherford (@jprutherford) January 20, 2012
Much like the situation with Matthew Hulsizer, a purchase agreement is not the same as a purchase, and it has to go through NHL and Board of Governors approval before finalization.