Thursday, June 19, 2008

NHL governors approve sale of Oilers to Edmonton billionaire Daryl Katz

From the Canadian Press:
Canadian pharmacy billionaire Daryl Katz has received the final OK from the National Hockey League to purchase the Edmonton Oilers.

"I am very pleased to have received the Board of Governors' unanimous approval," Katz said in an e-mail to reporters Wednesday. "We look forward to closing the transaction on or before June 30th and gearing up for the coming season."

The league's board also approved the sale of the Tampa Bay Lightning to a group of investors led by Oren Koules and Len Barrie.

The approval of both deals was granted pending the closing of the transactions by the prospective purchasers.

Katz, a reclusive 46-year-old Edmonton resident, took over the Oilers franchise in February after all 34 members of the team's then-ownership group agreed to sell it to him in a C$200-million deal. ...more

No comments: