Blues buyer Checketts backs out

ST. LOUIS -- Dave Checketts' group withdrew from
negotiations to buy the St. Louis Blues, putting the team back on
the open market Monday.

Blues owners Bill and Nancy Laurie had signed a letter of intent
with Sports Capital Partners granting them exclusive rights to
negotiate for 30 days to buy the team and the operating lease on
the Savvis Center, where the Blues play.

The Blues said in a statement that the Checketts-led group has
withdrawn from negotiations and talks with other interested parties
can begin.

The Lauries bought the team in 1999 and put it up for sale in

Checketts is a former president of the NBA's Utah Jazz and New York Knicks and ran Madison Square Garden from 1994 to 2001.

Sports Capital Partners is a sports, media and live
entertainment company with interests in Major League Soccer,
College Sports Television Network (CSTV), Running Subway
Productions and other properties.