Edmonton Oilers’ new owner is looking to build the future of their franchise

Edmonton, Alberta — A new ownership group led by Edmonton Oilers owner Daryl Katz is seeking to transform an old stadium into a multipurpose facility that could be used as a temporary home for an NHL hockey team.

A spokesman for Katz said the group has already begun discussions with the city and the Oilers, but declined to provide further details.

Katz, who was acquired by Katz Enterprises last year for $1.3 billion, said the Edmonton Oilers would remain the official NHL team, but would work with other sports and organizations to expand the facilities.

He said he’s committed to building a “better hockey arena.”

“The Edmonton Oilers are the Official NHL Team and we are committed to being an NHL team in Edmonton, and I am committed to working with the NHLPA to make sure we get that done,” Katz said in a statement Friday.

“We are excited to see the new ownership team take over the Edmonton Oil Kings.”

The Oilers, who were originally set to relocate to Dallas in 2020, have struggled financially in recent years.

Katz bought the team for $9 million in 2013 but struggled to find a new owner.

He sold the team in April for a reported $30 million.

Katz said last year he’d be interested in helping rebuild the Oilers.

“I think it’s time for a new beginning,” Katz told the Edmonton Journal in February.

“I think Edmonton is a very unique city.

It’s a hockey city.

I think it needs to be more diverse.

I don’t want to be a hockey town.

I want to create something special.

It would be a great fit for our city.”

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