Advertisement

 EDMONTON, Alberta (AP) -The Edmonton Oilers are not for sale.
That was the message Tuesday from Cal Nichols, chairman of the 33-member group that owns and operates the NHL franchise.
Nichols said the Edmonton Investors Group resoundingly rejected the latest bid of $185 million from local tycoon Daryl Katz to buy the team. He said they also passed a motion declaring the team is not for sale.
``This is not about dollars. This is about Edmonton,'' Nichols said at a news conference.
Katz promised to help bankroll a new rink downtown estimated at $500 million, build a new training facility and spend the maximum amount on player salaries allowed under the league's salary cap.
The Edmonton Investors Group had 38 members when it purchased the Oilers for $100 million nine years ago. Forbes values the club at $146 million.
The team has nearly reached its maximum of 14,000 season tickets.
Advertisement

Top NHL Public Bets

#1 28 Sweden  52% Bet Now

NHL Top Stories

Thumbnail Halak, Europe eye another victory in Canada Injuries limited the Islanders’ Jaroslav...
Thumbnail Note's top defenseman becomes new captain For the first time since 2011, the Blues have a new wearer of the “C.”It’s an individual, though, who’s already served the organization with distinction for nearly a...
More inNHL Articles  
Advertisement

NHL Team Pages

Advertisement