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Edmonton Oilers Sale Approved

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

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com