Dave Checketts is looking for outside investors for the NHL’s St. Louis Blues, and chances are good he’ll begin the search on home turf.
Checketts is looking to replace TowerBrook Capital Partners in the investment mix for the NHL franchise. Finding limited partners isn’t always easy, but they’re more likely to be close to home; a lot of limited partners have non-financial reasons for investing.
Not that the Blues wouldn’t be a good investment. The team now break even despite a subpar record and playing in a depressed market; the NHL’s business model may not be perfect, but it’s better. And Checketts has a pretty good track record in actually making money with his ventures: season tickets to Scottrade Center are up, and sponsors are renewing.
