Quote:
Originally Posted by Sylvanfan
Yeah the NHL did not like Hunter. The Blues were on the verge of folding in 76 IIRC when Ralston/Purina took them over. But when the CEO changed the new CEO only wanted to be in horse racing and wanted to get rid of the Blues who were losing around 2 million per year. The Blues came very close to folding as the league had arrangements to do a player dispersal draft had a new local owner not stepped up.
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It's a bit of a dirty secret that several NHL franchises were on the verge of folding in the '70s. The Cleveland Barons née California Seals did, but the North Stars (whom the Barons merged with in 1978), Blues and Penguins all came pretty close to going TU.