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"If you study the franchise, it's in pretty good shape regarding the hockey itself," Davidson said. "I'm not going to talk about business because that's not my business right now to talk about business.
"The business side has come a long ways, and it's come a long ways from 6,000 people in the building to having out-of-this-world crowds and the playoffs and enthusiasm within the city itself."
St. Louis beat the San Jose Sharks in five games in the first round before getting swept by the Los Angeles Kings in the second round, a series that ended Sunday.
"We are fortunate to be taking over one of the best teams in the NHL, with a strong, mostly young nucleus and a very bright future," Stillman said. "Our top priority will be to put a serious contender on the ice year in and year out and to establish the Blues as an elite NHL franchise."
They inherit a motivated roster still recovering from the Kings series.
"I think everyone thought we'd have big beards and playing into June," forward Andy McDonald said earlier in the week. "Obviously, I'm disappointed, but I'm also encouraged because this team has a lot more to give."
The Stillman group becomes the eighth owner of the Blues since the franchise began in 1966. They bought the team from Towerbrook Capital Partners and Sports Capital Partners Worldwide, a group headed by former franchise chairman Dave Checketts.
The previous ownership's interest was rolled into Stillman's group with approximately half of the "common shares," according to a spokesman for Checketts.
"While we will still retain significant ownership in the Blues, we are happy that they are now in the hands of local ownership and wish them well," Checketts said in a statement. "We will continue to be Blues fans and enjoy what is a promising future."
Stillman is chairman and chief executive officer of Summit Distributing and for his first venture into professional sports purchased a minority share in the Blues in 2007. He played hockey and soccer at Middlebury College in Middlebury, Vt.
[Associated Press;
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