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Report: Hulsizer signs deal to buy Blues

Friday, 10.28.2011 / 7:15 PM / News

By Louie Korac - NHL.com Correspondent

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Report: Hulsizer signs deal to buy Blues
According to the St. Louis Post-Dispatch, Matthew Hulsizer has signed a purchase agreement to buy the Blues, a deal that includes the lease to Scottrade Center, plus the purchase of the American Hockey League's Peoria Rivermen.
ST. LOUIS -- The sale of the St. Louis Blues appears to be progressing.

According to the St. Louis Post-Dispatch, Matthew Hulsizer has signed a purchase agreement to buy the Blues, a deal that includes the lease to Scottrade Center, plus the purchase of the American Hockey League's Peoria Rivermen.

The agreement still needs NHL approval. Hulsizer, the co-founder and CEO of PEAK6 Investments, had already received League approval to purchase the Phoenix Coyotes in 2010.

The purchase percentage Hulsizer would buy from current owner Dave Checketts is unclear, but it's expected to be a majority stake.

Sources indicated previously that the price range is in the neighborhood of $190 million.

The Blues have been for sale since Checketts and his company, SCP Worldwide, put the team on the market in March.
Quote of the Day

This team has been a real treat to say you've been the head coach of them. I'm extremely proud of this group ... after the disappointment of (the Game 6 loss) is digested, it's always a lot easier as a coach when your team has emptied its tank, and that team emptied its tank for me for three months.

— Senators coach Dave Cameron after getting eliminated in the first round by the Canadiens