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Entries with the tag: daryl+katz
Evening Line
by Paul on 07/18/08 at 06:05 PM ET
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But as Katz settles in as the NHL’s newest owner, he would be wise to remember the immortal words of Groucho Marx who said, “I don’t care to belong to a club that accepts people like me as members.” The NHL is filled with scoundrels, cheats and liars, all led by a pint-sized czar, a former lawyer no less. Some NHL owners seem to live by another of Marx’s rules: The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made.
-Andy Holloway of Canadian Business
Filed in: NHL Teams, Edmonton Oilers, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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Oilers Owner Having Free Agency Fun
by Alanah McGinley on 07/02/08 at 06:39 PM ET
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Edmonton billionaire Daryl Katz spoke to the media today.
From the CP via TSN:
Minutes before the news conference, the Oilers latest hopes of landing a marquee forward were dashed when word surfaced that Marian Hossa had signed a one-year deal with Detroit.
But Katz simply smiled as he talked about the excitement of working this week with Oilers general manager Kevin Lowe as they bid for Hossa to give Edmonton some much-needed scoring punch.
“We’ve had a lot of fun,” he said. “The experience of pursuing Marian was great for us and it won’t be the last time.”
Filed in: NHL Teams, Edmonton Oilers | KK Hockey | Permalink
Tags: daryl+katz, kevin+lowe, marian+hossa,
Edmonton Oilers Sale Approved
by Alanah McGinley on 06/18/08 at 01:28 PM ET
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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,
Offer From Katz To Purchase Oilers Is Accepted
by Paul on 02/05/08 at 09:39 PM ET
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from TSN,
Pharmaceutical billionaire Daryl Katz’s offer to buy the Edmonton Oilers has been accepted.
The Katz camp has received letters of intent to sell from every member of the Edmonton Investors Group (EIG). This means, pending league and financial approval in the months to come, Katz for all intents and purposes will be the new owner of the franchise, however it may take up to two months for the NHL to grants it’s approval. Katz will hold a conference call on Wednesday to discuss the impending sale.
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Oilers Shareholders Asked to Accept Offer
by Alanah McGinley on 02/04/08 at 12:06 PM ET
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From the CP via the Sporting News,
Pharmacy tycoon Daryl Katz is a step closer to buying the Edmonton Oilers.
The board of directors of the Edmonton Investment Group which owns the team has sent out a letter to shareholders with the recommendation that they accept their portions of the $200 million Katz has offered for the shares.
“The board has made a recommendation to our remaining shareholders to tender their shares,” Investors Group chairman Bill Butler said.
Filed in: NHL Teams, Edmonton Oilers, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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Katz Rejected Again
by Paul on 01/02/08 at 02:46 PM ET
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from TSN and the CP,
The Edmonton Investors Group that currently owns the NHL’s Edmonton Oilers have rejected the latest offer from businessman Daryl Katz to buy the team.
Katz has attempted to purchase the Oilers from the group several times already. The latest bid that was rejected Wednesday was proposed last month when the drugstore billionaire made a $188 million offer for the team.
Update 6:15pm ET: More from TSN
The offer however is far from dead as several major investors are not on the Board and would still like to sell to Katz. TSN has learned that the board voted 6-4 to recommend rejection, but that some of the bigger shareholders are known to support the offer.
Shareholders’ meeting is January 21.
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Katz Not Giving Up
by Paul on 12/13/07 at 04:35 PM ET
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added 8:24pm, from Eric Duhatschek of the Globe and Mail,
The offer, according to sources, is for $188-million and the difference this time around is, it appears to have a chance of succeeding. Katz’s previous offers for the team had fallen on deaf ears.
Katz’s offer was made at the encouragement of a number of significant EIG shareholders over the past six months.
Rexall Founder and Chairman Daryl Katz has made a new offer to purchase the Edmonton Oilers and related assets. The terms of the offer, which were not publicly disclosed, are being delivered directly to the shareholders of the Edmonton Investors Group.
Mr. Katz’s offer was made at the encouragement of a number of significant EIG shareholders over the past six months. In particular, Mr. Katz called Cal Nichols, Founding Chairman of the Board of EIG this morning to outline the terms and conditions of the offer. Mr. Nichols said that it was an offer that he would enthusiastically support.
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