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January 22, 2012 | 10:07am ET
Stillman signs to buy Blues
TheFourthPeriod.com

A group led by Blues minority owner Tom Stillman has signed a purchase agreement to buy the team, the St. Louis Post-Dispatch reports.

Stillman and the Blues must finish the sale and have it approved by the league. The NHL's board of directors will meet during the All-Star break in Ottawa, but a vote is not expected at that time.

The price of purchase, one that includes the Blues, the Scottrade Center lease, interest in the Peabody Opera House and the team’s top minor-league affiliate Peoria Rivermen, is estimated to go over $130 million.

The news comes a little more than two weeks after the league rejected a purchase agreement that included Chicago businessman Matthew Hulsizer.

The development arises as the Blues are enjoying some of their best success in recent years. They are 29-12-6 and have earned 64 points, one behind the Detroit Red Wings for the Western Conference lead.

The team has not appeared in the post-season since losing to the Vancouver Canucks in the Western Conference quarterfinals in 2009.

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