Hulsizer Out, Stillman In
Multiple sources Confirm Chicago Businessman Matt Hulsizer's purchase agreement to buy the St. Louis Blues has been terminated.
The NHL now focuses their attention on Blues Minority Owner Tom Stillman who sources say will begin the process of negotiating a purchase agreement with Blues Chairman Dave Checketts immediately.
The framework for the agreement is already completed as Stillman is expected to negotiate one nearly identical to Hulsizer's. One obvious omission will be Checketts having no role with the franchise moving forward. Under the Hulsizer agreement Checketts would have kept approximately 25-30 percent of the Blues.
Hulsizer was given a December 31st deadline to complete the sale following a recent meeting involving Stillman and Checketts in which NHL Commissioner Gary Bettman served as the mediator.
Sources close to Hulsizer say he was unable to come to terms on multiple league agreements required by the NHL. The same source indicates Hulsizer remains interested, in the event Stillman is unable to close, which is targeted forin mid-March.
Hulsizer indicates he will not turn his attention to any other NHL teams currently looking for a buyer. "It's the St. Louis Blues or nothing" according to a source close to Hulsizer.
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