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10-27-2012, 10:02 PM
Ziggy Stardust
Master Debater
Join Date: Jul 2002
Location: Parts Unknown
Posts: 41,398
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Here's a detailed account of what occurred with the Blues at the 1983 draft:
On May 31, 1983, the Saskatoon group cut its commitment to the sale, leaving Ralston Purina with no buyer. On June 7, 1983, angry Ralston Purina executives said the Blues would boycott the NHL draft, and the team would be tendered to the NHL, which could try to find a buyer while Ralston pursued its suit. The NHL could not decide what it wanted to do with the Blues before the draft, and as a result, nobody spoke for the team on draft day. On June 13, 1983, learning Ralston Purina would liquidate the team's assets if the NHL did not agree to its settlement, the NHL finally took over the Blues. By August, the league was able to sell the team to California businessman Harry Ornest for the bargain-basement price of $3 million, and the franchise was safe in St. Louis. The scar of missing a draft, however, remained for years.

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