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 came into existence 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. Names of other members of the new ownership team have not been announced.
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