ST. LOUIS (KMOX) – A group led by St. Louis Blues minority owner Tom Stillman has signed a purchase agreement to buy the club, according to a report posted on www.stltoday.com.
The deal must still be authorized by the National Hockey League, a process that could take weeks to complete.
The move comes less than a month after the NHL terminated a purchase agreement between the Blues and Matthew Hulsizer, a Chicago businessman.
The total purchase price including the lease on the Scottrade Center and an owning interest in the Peabody Opera House is expected to top $130 million.
The St. Louis Post-Dispatch reported several months ago that former Blues standout Brett Hull has also shown interest in joining Stillman’s investment group.
AP/KMOX © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.