— The St. Paul Blues owner has said his team is staying put and will not sell before the 2019-20 season, after an ongoing lawsuit was thrown out.
St. Louis Mayor Chris Coleman said in a statement Friday that St. Martin-Saint Mary’s owner Bruce McNally told him he could “continue to operate the club as it is” if he paid $1.4 million to settle a wrongful-termination suit.
The St. Joe’s Riverfront Park district had accused McNally of violating its franchise agreement by making false statements in an attempt to obtain a conditional purchase of the team, which was then sold to a private equity firm.
The lawsuit, filed in April, alleged that McNally was “fraudulently induced to purchase the St. Joseph’s Riverport franchise, to acquire assets of the franchise, and to pay his employees in the form of cash or a share of the net proceeds of the sale.”
St. Joe has played in the American Hockey League since 2007.
The Blues announced Friday they would no longer be seeking a franchise for St. Mary’s in 2019.
The club announced the news in a news release.
A source with knowledge of the situation told ESPN’s Darren Dreger the club will not be selling its name and logo and is not interested in selling St. Maries brand.