Let's not get too excited here - first the deal has to be approved, then we have to see who in the current regime stays around. Unless there's a deal in place where Checketts assumes responsibility for expenses above a certain amount, I doubt we're going to see anything happen before the deal is approved by the BoG that gives this team a sudden infusion of cash, players with talent, and so on.
Larry Wigge said this Checketts guy might ask Pleau to try and get kovalchuk from atlanta.
Where did you get this info.
Kovalchuk is possible going to be the best player in the league but just like lindros i hate this guy. He doesn't diserve to where the note. Any hold out can play in russia for all i care. Putting on the note means being blue collar worker, taking one for the team, giving up some ufa time or money to stay on the team, know fans will love you when you show heart not just scoring. This is not the city for him, send him to NY.
Letter Of Intent For Sale Of St. Louis Blues Is Signed
ST. LOUIS -- Bill and Nancy Laurie, owners of the St. Louis Blues and the Savvis Center operating lease, have entered into a letter of intent to negotiate exclusively for 30 days with Sports Capital Partners, LLC, for the possible sale of the team and the arena lease.
“While no sale agreement has been reached, we welcome Sports Capital Partners’ interest, and we look forward to working out the details of an agreement that we hope will benefit all involved, including the team and the city of St. Louis,” said Blues President Mark Sauer.
Sports Capital Partners, headed by Dave Checketts, is a sports, media and live entertainment company with interests in Major League Soccer, College Sports Television Network (CSTV), Running Subway Productions, and other properties. His partners include Mike McCarthy and Ken Munoz.
Game Plan LLC, a Boston firm that specializes in professional sports franchise transactions, is handling the sale on behalf of the Lauries.
Details of the ongoing negotiations will remain confidential.
This just gives the two sides 30 days to work out a deal, during which the Laurie's can't entertain bids from anyone else. Thus any local group that might have been interested is going to have to wait until the 30-day period is up before they can submit an offer - and by that time a deal may be done.
This could still fall apart if Laurie doesn't get the offer he thinks he deserves - or if something else comes up that means they can't work a deal out entirely. However, I find it strange that the team would announce an deal to exclusively negotiate with one party. It just seems like it completely undercuts any leverage Laurie might be able to gain from having two interested parties.
Then again, his consultants said that having long-term contracts would be bad for selling the team and thus Pronger (the prime player on this team) was traded...so nothing surprises me right now.