Blog Entry

Report: Blues owner sets deadline; Hulsizer out?

Posted on: August 1, 2011 8:59 pm
 

By Brian Stubits

Last week the Dallas Stars took another step toward selling the franchise to a new owner and moving on to the next era. The St. Louis Blues are about to do the same. But they look like they will be down one prospective owner.

According to Andy Strickland at truehockey.com, current owner Dave Checketts has set a deadline of August 22 for interested buyers to put in their formal offers. One name who might not be among the list of entrants is Matt Hulsizer (pictured), the Chicago businessman who pursued the Coyotes for some time before throwing in the towel.

After he withdrew from the scene in Phoenix, Hulsizer said he maintained interest in owning an NHL franchise and the prevailing wisdom was that he would court the Blues. The problem, Strickland says, is the asking price might be too high for Hulsizer's taste, which is supposedly around the $200 million mark.

If Hulsizer is out on both the Blues and Coyotes (and not in the Stars equation), it will be interesting to see where he might show up again. The market is getting pretty thin.

Another name in the hunt is Tom Stillman, who is currently a minority owner of the team. He is trying to assemble a group to make a bid on the team themselves.

Much like the Stars, Checketts hopes to have the team sold by early October and the start of the season.

Photo: Getty Images

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Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 16, 2011 3:41 am
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mjklaughfs
Since: Oct 5, 2008
Posted on: August 3, 2011 8:38 am
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Since: Mar 26, 2011
Posted on: August 2, 2011 3:45 am
 

Report: Blues owner sets deadline; Hulsizer out?

I don't think you're going to see any action on the ownership front (save Dallas) until the new CBA takes shape. There are a lot more interested sellers right now than there are credible interested buyers.



Since: Mar 2, 2008
Posted on: August 2, 2011 1:23 am
 

Report: Blues owner sets deadline; Hulsizer out?

St. Louis isn't a Phoenix, you'd think Matt would get that you have to put real money.  Instead of empty promises, like that one time with that Glendale team.  Hardy Har har Matt.



Since: Apr 16, 2008
Posted on: August 2, 2011 12:21 am
 

Report: Blues owner sets deadline; Hulsizer out?

Fair point, Bob, I was alluding to majority shares. And certainly hockey ownership turns over a lot more often than the other pro sports. I just get the sense Hulsizer is interested in a majority role which no longer seems to be there right now if it's not in St. Louis, so that's what brought the thin comment. His name will be around most every ownership search until he gets in on a team.



Since: Jul 1, 2010
Posted on: August 1, 2011 11:51 pm
 

Report: Blues owner sets deadline; Hulsizer out?

The story says the market is "getting thin", but I don't think that's accurate.   Plenty of teams selling minority shares, and it wouldnt' be surprising to see another 1/2 dozen teams' majority share up for sale the next 3 years with all the volatility in the market.  200 milliion seems a bit high for  STL unless other assets are thrown in.   Forbes had them valued at 165 mil (4 less than BUF) last year.   Good news is that STL has plenty of interested buyers.


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