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By Donald Lambro
Even retail giant Wal-Mart shows telltale signs of trouble
Topic - Dave Checketts
The NHL Board of Governors has approved the sale of the St. Louis Blues to a group headed by St. Louis beer distributor Tom Stillman, the league announced Wednesday.
The St. Louis Blues are for sale.
"We have tried putting together a group, which includes local investors, as well as others with the intention of buying out TowerBrook Capital Partners," Checketts said on a conference call. "This has been going on for months and the last two months, having raised the money that I needed, we began negotiations in earnest with TowerBrook and we have been unable to come to an agreement with them on terms that they will accept."
"This is a difficult, personal decision for me because we've all come to love this team, my family and I, we love the city of St. Louis and we are especially grateful to the fans who have been just terrific," said Checketts, who indicated that it is his desire to find an ownership group that will keep the Blues in St. Louis.