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Edmonton Oilers Sale Approved
by Alanah McGinley on 06/18/08 at 12:28 PM ET
Comments (3)
From Dan Barnes at the Edmonton Journal,
The sale of the Oilers to Edmonton billionaire Daryl Katz has been approved by the National Hockey League’s Board of Governors.
A source said the approval was granted earlier this morning during the governors meeting in New York.
Rexall Sports, the Katz Group company that purchased the Oilers for $200 million from the Edmonton Investors Group, will now proceed to close the sale on or before June 30 by issuing cheques to the 34 EIG members.
Filed in: NHL Teams, Edmonton Oilers | KK Hockey | Permalink
Tags: bog, daryl+katz,
Comments
You’d better be knocking on wood… ya don’t want to tempt the Ghost of Boots into your Alberta neighborhood, now. 
Posted by Alanah McGinley from British Columbia on 06/18/08 at 01:57 PM ET
Well, unlike his predecessor, dear Mr. Pocklington, or any of the other amusing characters the NHL has let in in recent years (Boots, Spano, Largue, Kumar, McNall), Katz seems to have made his money through legitimate means. If anything, I’d be concerned about the rampant nepotism of the Oilers organization continuing unabated, considering he’s reportedly friends with half the Oilers Alumni Association.
Posted by Doogie2K from Calgary on 06/18/08 at 09:26 PM ET
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Twenty years of intermittent relocation threats of varying degrees of subtlety is finally over. *knocks on wood*
Posted by Doogie2K from Calgary, AB on 06/18/08 at 01:14 PM ET