Blues continue search for investor
Monday, August 23, 2010 | 12:22 p.m. CDT;
updated 8:02 p.m. CDT, Monday, August 23, 2010
ST. LOUIS — With training camp just weeks away, the financial future of the St. Louis Blues remains somewhat uncertain.
TowerBrook Capital Partners announced more than three months ago that it would divest its investment in the NHL team. The St. Louis Post-Dispatch reports that the private-equity firm holds as much as a 75 percent stake in the team.
The newspaper says the search for an investor continues in earnest, though insiders tell the newspaper an agreement is far from imminent.
TowerBrook has said it will postpone divesting until Blues owner Dave Checketts can find a replacement.
Checkett's company, SCP Worldwide, is not commenting.
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