7am News, Sports and Obits

Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
Local Group Introduced as Teams Owners
ST. LOUIS (AP) -- NHL commissioner Gary Bettman gave his stamp of approval to the new St. Louis Blues ownership, saying the franchise's financial picture is much improved.

Bettman spent time at the podium alongside Tom Stillman, a beer distributor who heads an all-local ownership group, at a news conference Thursday.

Stillman introduced 16 major investors including his father-in-law, former Missouri Senator John Danforth. He said the goal was to make the franchise financially sustainable for the long haul.

The Blues were at least $10 million below the NHL's salary cap last season.

(Copyright 2012 by The Associated Press. All Rights Reserved.)
News management powered by Xpression News
 
Read the latest local sports stories by clicking here