- Jeremy Rutherford of the St. Louis Post-Dispatch: Calgary businessman Max Chambers’ offer to buy the Blues for $167 million cash was rejected. The team is looking to get $190 million. In 2010 Forbes valued the team at $165 million. “I don’t know what state the process is in right now. Does anyone?” Chambers said. “I mean, I can’t get an answer from Game Plan what the number is. What is the real number? You guys are throwing $190 out. You got $167 from us and I think the next bid is what … $120-130?” Two offers from other groups have already been rejected. Minority owner Tom Stillman had his initial $110 offer rejected, as well as another similar offer. There is an outstanding loan worth approximately $120 million.
- QMI Agency in the Toronto Sun: Quebec City plan for a new arena took a step forward. Bill 204 passed which protects the deal between Quebecor Inc. and the municipal government against challengers to naming rights and management agreement. Quebecor president and CEO Pierre Karl Peladeau:
“We now have all the necessary tools to reach the objective we set out to bring the Nordiques back to Quebec City,” he said in a statement. “The population of Quebec City and all hockey fans can count on our unwavering determination in our ongoing representations to the National Hockey League.”
Arena completion is scheduled for 2015.
