NHL

Non-binding term sheet in place on sale of Blues to Hulsizer

{eot}
TSN.ca Staff
10/5/2011 9:09:32 PM
Decrease Text SizeIncrease Text Size
Text Size

A non-binding term sheet has been drafted as part of the process that could see the St. Louis Blues sold to Chicago businessman Matthew Hulsizer.

The non-binding term sheet is in place, and outlines the price of a purchase agreement, key provisions and the fact Hulsizer will assume controlling interest if the deal closes.

There have been multiple discussions and this is considered a strong start towards a sale, but some involved clarify it is still early in the process and all parties have to go through due diligence.

There is no time frame, however, Hulsizer is eager to close on this deal as soon as possible.

Hulsizer withdrew an offer to buy the Phoenix Coyotes from the NHL in June after failing to negotiate a new arena lease with the city of Glendale, Arizona.

Current Blues owner Dave Checketts has been trying to complete a sale of the team in time for the regular season.

Matt Hulsizer (Photo: Getty Images)

zoom

(Photo: Getty Images)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story

2014-15 NHL Preview

From The Hockey Insider

TSN's Bob McKenzie sets up the start of training camp, going one-on-one with the GMs from all seven Canadian teams.


WATCH: Bryan Murray - Ottawa Senators

WATCH: Dave Nonis - Toronto Maple Leafs

WATCH: Kevin Cheveldayoff - Winnipeg Jets

WATCH: Marc Bergevin - Montreal Canadiens

WATCH: Brad Treliving - Calgary Flames

WATCH: Craig MacTavish - Edmonton Oilers

WATCH: Jim Benning - Vancouver Canucks


TSN.ca previews what to expect out of the NHL's 30 teams as we count down to puck drop. Check daily for team previews and updates on each Canadian franchise leading up to Oct. 8.


Latest Preview: Colorado Avalanche






TSN TweetBox
© 2014
All rights reserved.
Bell Media Television