EIG to Sell the Edmonton Oilers
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The Edmonton Investors Group (EIG) recently stated that the Edmonton Oilers Hockey Club was "not-for-sale" in response to repeated efforts by Daryl Katz to purchase the team.
It is well documented that the EIG heroically purchased the Oilers from Peter Pocklington in the late 90s, fending off a bid from Houston Rockets owner Les Alexander, and in doing so prevented Alexander from relocating the team to Houston.
Since that time, EIG has continually used the small market excuse as a reason to keep payroll low, trade star players away rather than pay them market value, and now, lobby for public money to build a new arena to ensure the long-term viability of the franchise.
Daryl Katz, an Edmonton native and self made billionaire has a strong desire to purchase the team. Katz financial position, with a net worth reported to be C$2.07 billion (Canadian Business magazine, 2007), making him the 486th richest person in the world, clearly would be in a much stronger position to build a consistently competitive team. Having stated publicly that he would consistently spend to the salary cap limit, and invest a significant portion of his own funds in construction of a new arena, Katz has the financial clout to compete with the big boys of the NHL.
The time has come, as popular Oilers blogger Lowetide recently wrote; "The EIG have been paid in full in terms of goodwill re: saving the team, send a message to the EIG that the public feels that selling the team to Katz is whats right for Edmonton, sign this petition and spread the word to everyone you know that cares about the Edmonton Oilers.
It is well documented that the EIG heroically purchased the Oilers from Peter Pocklington in the late 90s, fending off a bid from Houston Rockets owner Les Alexander, and in doing so prevented Alexander from relocating the team to Houston.
Since that time, EIG has continually used the small market excuse as a reason to keep payroll low, trade star players away rather than pay them market value, and now, lobby for public money to build a new arena to ensure the long-term viability of the franchise.
Daryl Katz, an Edmonton native and self made billionaire has a strong desire to purchase the team. Katz financial position, with a net worth reported to be C$2.07 billion (Canadian Business magazine, 2007), making him the 486th richest person in the world, clearly would be in a much stronger position to build a consistently competitive team. Having stated publicly that he would consistently spend to the salary cap limit, and invest a significant portion of his own funds in construction of a new arena, Katz has the financial clout to compete with the big boys of the NHL.
The time has come, as popular Oilers blogger Lowetide recently wrote; "The EIG have been paid in full in terms of goodwill re: saving the team, send a message to the EIG that the public feels that selling the team to Katz is whats right for Edmonton, sign this petition and spread the word to everyone you know that cares about the Edmonton Oilers.
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50 signatures
Goal: 50
Latest Signatures
48.
Scott R
|
EIG - thanks for the hard work in keeping the team in Edmonton but it's time to pass on the torch...
47.
Jesse R
|
If the EIG really are interested in what's best for the Oilers and for Edmonton, then they need to swallow their pride and sell.
39.
Ricky H
|
offer 200mil Katz, the EIG has a price, you just havent met their reserve yet. Try harder
29.
James Delacruz
|
give up your toy cal (nichols) you really come off arrogant and anti-union. the players are unionized and aint nothing going to change that.
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