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| 6th February, 2008 - 1:33 am |  AP - The Oilers have a new owner, pending approval from the NHL, according to an Associated Press report.
The 34-member Edmonton Investors Group agreed Tuesday to sell 100 per cent of its shares to local pharmacy billionaire Daryl Katz in a deal worth about $200 million.
"This is a terrific level of support that will enable us to move forward with the process of securing NHL approval and conclude this transaction," said Katz in a news release.
League approval can take anywhere from six weeks to two months. [READ] |
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