Thread: News Article: The Blues sale is finally complete!
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03-05-2011, 10:42 AM
  #113
stlweir
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Forbes estimates the Blues value increased $15 million since Checketts group purchased the Blues. In a down economy that doesn't seem likely. The NHL owns and runs the Sharks, several other teams are looking for new owners. The Blues are now selling out but as a potential buyer you know that won't always be the case. At this point Checketts has not been able to find an investor so the market is saying that what he is offering isn't worth it for the price he wants. The offer to purchase may be a low ball or it may be fair market value which may be less than what Checketts bought the team for. I guess we won't know until the numbers come out, if they ever do. At this point it appears things don't look good for Checketts and for Blues fans if the club is cash strapped.

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