St. Louis Blues Chairman Tom Stillman announced today that his all-local ownership group has acquired the minority interest in the Blues previously held by Sports Capital Holdings (St. Louis) LLC (“SCH”), the holding company of the previous Blues ownership group (which was in place from 2006 to 2012). The purchase means Stillman’s group now owns 100 percent of the team.
The acquisition was approved today by the National Hockey League at its Board of Governors meeting in Las Vegas, and it completes a full exit of SCH, the Blues’ former majority owners, from any interest in the Blues. Every member of the existing ownership group will remain in place, with Stillman continuing to serve as Chairman and Governor.
“This is the best possible outcome for the St. Louis Blues, our city and community, and our supporters everywhere,” said Stillman. “Our all-local ownership group acquired the Blues in 2012 with two overriding goals: Win a Stanley Cup for St. Louis, and secure the long-term health of the franchise.
Today the group made another major commitment, purchasing the only remaining outside interest in the team. All of our members will stay on board, maintaining the all-local makeup of the group. We commend the prior ownership group for its investment in the Blues and for working with us to complete this transaction.
“Going forward, it will be business as usual, both on and off the ice. We will continue to serve St. Louis by investing in the Blues, the Enterprise Center, and the community, and we look forward to raising our first Stanley Cup banner in October.”