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Source: Matthew Hulsizer has deal

Updated: October 6, 2011, 4:24 PM ET
By Scott Burnside | ESPN.com

Chicago businessman Matthew Hulsizer has reached a verbal agreement to purchase the St. Louis Blues, a source told ESPN.com Wednesday afternoon.

Hulsizer is looking to become the principal owner of the team, the source said.

It's believed the price tag could go as high as $190 million if the Peabody Opera House, adjacent to Scottrade Center in downtown St. Louis, is included among the assets, according to the source.

The source cautioned there is a lot of work to be done before ...

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