Kukla's Korner Hockey
Entries with the tag: daryl katz
from the Edmonton Journal,
In an angry letter addressed to Edmonton Mayor Stephen Mandel, Daryl Katz, the chairman of the Katz Group, says neither he nor anyone from the Katz Group will appear before city council on Wednesday to discuss the stalled negotiations over the proposed new downtown arena.
“I fear the City has approached this negotiation based on narrow political considerations rather than a genuine desire to strike a deal that is fair and makes economic sense for both sides,” reads the letter, which is dated Oct. 16, 2012.
Last month, Mandel had given the Katz Group a deadline of Oct. 17 to come before council, in an open session, to discuss the outstanding details of the arena deal.
The letter, which is sharply critical of Mandel and city council, would seem to put the future of the arena project itself at risk.
Here is the letter from Katz.
from David Shoalts of the Globe and Mail,
Daryl Katz has owned the Edmonton Oilers for just four years but he is a quick study when it comes to the NHL owners' manual.
Especially with the section on how to extort taxpayers for a free or almost free arena so you can maximize the profits of your hockey team.
So there was Katz on Monday, with several Oiler suits in tow, taking a tour of Seattle's decrepit Key Arena. The local media was tipped off to make sure everyone knew the boys were in town shaking hands with the Seattle politicians and Chris Hansen, the hedge fund manager who is planning a $490-million (U.S.) arena to lure an NBA franchise back to the city to replace the departed SuperSonics and attract an NHL team as well.
added 10:52am, from Elliotte Friedman of CBC,
Apparently, his NFL road trip with pals Kevin Lowe and Wayne Gretzky was pre-planned. But it was awfully convenient for news to leak that they'd stopped to meet with Chris Hansen, who now has city approval to build a new NBA/NHL-ready arena.
Clearly, Katz is frustrated with negotiations in the Alberta capital. And when you're frustrated, it is imperative to have someone around you who can slap you in the face and say: "I know you're mad. But what you're about to do is really dumb and I'm not going to let it happen."
The Oilers are not going to Seattle. If you don't believe me, maybe you should listen to Don Levin, the guy who actually wants to bring the NHL to The Emerald City.
from Dan Tencer at 880iNews,
In his first lengthy media interview since the summer of 2008, Edmonton Oilers owner Daryl Katz made it clear that what has transpired on the ice this year is not acceptable.
“Most of all, this experience has been no fun for our fans. I know it, our management knows it and our players know it.”
The struggles of the team this season have presented the obvious conclusion that changes need to continue to be made and the eye on the future needs to be focused intently. The last place record has put the Oilers in a position to likely come out of the season with the highest draft pick in franchise history, allowing them to add to a modest stable of young talent already within the system.
“We’re entering a very important time for the organization’s history,” Katz says. “We are in this for the long haul and over the long haul I really like what I see. We have a great young core with a lot more talent coming along.”
from Dan Barnes of the Edmonton Journal,
As Textgate proves, Daryl Katz can be all thumbs.
The hardwired Edmonton Oilers owner whose heartfelt but clumsy text vote of confidence in head coach Craig MacTavish poured digital fuel on a raging bonfire in the middle of this hockey-mad community, has been in cyber-contact with other members of his team this season. He sent Andrew Cogliano a text after the diminutive centre scored the winner against Tampa Bay on Feb. 24.
“He just said ‘inspiring game, keep it up, you’re playing well.’ It goes a long way to showing what kind of guy he is. I thought it was pretty cool to have your owner text you,” said Cogliano. “It’s not like you’re talking to an owner, just a regular guy.” Katz also sent Sam Gagner a text on the road on March 17.
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
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.”
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.
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.
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.
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.
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.