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EDMONTON'S MYSTERY GROUP ENTERS BID FOR OILERS
Published September 18, 1997
"An anonymous group of Edmonton investors has put in a secret bid to purchase the NHL Oilers," according to Darcy Henton of the TORONTO STAR. Economic Development Edmonton head Rick LeLacheur delivered the bid on behalf of the unidentified investors and said that no details of the US$70M offer have been released nor has a deadline been set to complete the deal (TORONTO STAR, 9/18). In Edmonton, Bernard Pilon reports that the "mystery bidders" have formed Edmonton Investors Group Ltd. Lawyer John Butler, who is representing the group, would not identify the bidders, saying, "This (deal) will not happen overnight and it will not happen in the media." Both Butler and LeLacheur "pleaded with reporters not to hound investors -- known to include" Vancouver media investor Cathy Roozen and computer software entrepreneur Bruce Saville. Midland Walwyn, which is overseeing sale, will now examine the bid, the "first solid pitch" since Oilers Owner Peter Pocklington put the team up for sale in June (EDMONTON SUN, 9/18). The STAR's Henton writes that the report of Roozen and Saville heading the group "has not been confirmed" (TORONTO STAR, 9/18).