Morning headlines: Thursday, October 6, 2011
Report: Checketts reaches deal to sell majority stake in Blues
According to the St. Louis Post-Dispatch, Dave Checketts has a verbal agreement to sell a majority stake in the St. Louis Blues to Chicago businessman Matthew Hulsizer. As part of the deal, Checketts could remain with the club in some capacity.
Two sources told the Post-Dispatch that Checketts has signed a letter of intent with Hulsizer. The Blues have been for sale since mid-March when Checketts could not reach a deal to purchase the 70 percent owned by investment management firm Towerbrook Capital Partners.
Cards win Game 4
David Freese homered, doubled and drove in four runs as the Cardinals tagged playoff nemesis Roy Oswalt and beat the Philadelphia Phillies 5-3 last night, forcing a deciding fifth game in their NL division series. Roy Halladay, the Game 1 winner, will face St. Louis ace Chris Carpenter on tomorrow night in Philadelphia.
Mo. Senate committee begins probe into recent projects
A Missouri Senate committee is starting its probe into recent economic development projects that have received public incentives and run into trouble. The committee held its first hearing yesterday but took no testimony.
The panel plans to ask the state Department of Economic Development for documents related to projects in Moberly and Kirksville. The Senate review comes after recent attention to efforts to build an artificial sweetener plant in Moberly.
Mamtek U.S. Inc. planned to employ several hundred people at the plant. Moberly issued $39 million in industrial development bonds and the state offered more than $17 million in incentives, although no state funds went to the company. But the plant still is under construction and the company has laid off its employees. Mamtek also has missed a bond payment.