NHL Board of Governors OKs sale of St. Louis Blues

The National Hockey League Board of Governors has unanimously approved the sale of the St. Louis Blues to a group headed by beer distributor Tom Stillman.

The NHL announced the approval on Wednesday. The sale price was not disclosed, but is believed about $130 million.

The Stillman group will become the eighth owner of the Blues since the franchise started in 1966. The group is buying the team from a group headed by Dave Checketts and his Sports Capital Partners Worldwide.

Stillman is chairman and chief executive officer of Summit Distributing in St. Louis and has owned a minority share in the Blues since 2007. Other members of the new ownership team have not been announced.