Blues’ Checketts Says He’ll Get Loan Extension, Sale Coming
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St. Louis Blues owner Dave Checketts said he would be granted an extension to repay a $120 million loan from a Citigroup Inc.-led syndicate, giving him more time to sell the National Hockey League team.
Checketts, a former Madison Square Garden president, said in a telephone interview today that he has three “very strong” bidders for the franchise, which Forbes magazine says is worth $165 million, placing it 23rd among the NHL’s 30 teams. He didn’t identify the bidders.