Firm seeking to sell share of team - KAIT Jonesboro, AR - Region 8 News, weather, sports

Firm seeking to sell share of team

ST. LOUIS (AP) - A private equity firm that is the largest investor in the St. Louis Blues is seeking to sell its share of the team.

Team spokesman Eric Gelfand said Tuesday there will be no loss of funding while TowerBrook Capital Partners seeks a new investor after four seasons.

TowerBrook and SCP were primary investors when the team was purchased from Bill and Nancy Laurie in 2006. Blues chairman Dave Checketts is a member of TowerBrook's management advisory board.

SCP Worldwide said in a statement that it had retained the sports agency group at Citibank to help find new investors.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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