Saturday, May 05, 2007

Katz makes pitch for Oilers

Drugstore billionaire Daryl Katz, the reclusive owner of the 1,800-store Katz Group pharmacy empire, has launched a surprise $145-million bid to acquire the Edmonton Oilers.

The all-cash offer by Katz, 45, an Edmonton native and University of Alberta law school grad whom Forbes magazine now ranks among the world's richest men, was made to the 37-member Edmonton Oilers ownership group earlier this week.
I expect the Oilogosphere to weigh in rather shortly.



At 1:58 p.m., May 05, 2007, Anonymous Anonymous said...

This could be a great thing for the Oil to get a Local well off owner to help get this team away from the EIG, which was great in a way (keeping the team in Edmonton) and awful (not really able to spend to keep the team competitive year over year.

As a side note I vote that "Oilogosphere" never gets used again!

At 2:30 p.m., May 05, 2007, Blogger Julian said...

There's no ogosphere like the oilogosphere, it's the best ogopsphere in the land.

The past few months have done little to endear me to the current oilers ownership, but it may be as simple as getting rid of Nichols and Laforge to make me satisfied.


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