49ers Take Another Image Hit With Brooks Charge Questions Remain In Phillies' Front Office Jim Buss Remains Optimistic About Lakers Leonsis Weighing Wizards Practice Facility Spots White Sox To Host Faith Day Franchise Notes Bayern Munich Partners With Columbia Univ. Blank Hiring CEO To Oversee Teams, Business Redskins, Native Americans Ordered To Mediation Bills Tap Former Player For Alumni Relations
ALEXANDER REACHES DEAL FOR OILERS; ANNOUNCEMENT TUESDAY?
Published October 30, 1997
Attorneys for Rockets Owner Les Alexander "have finalized" an agreement to buy the NHL Oilers, a source told Eddie Sefko of the HOUSTON CHRONICLE. A formal announcement will take place in Edmonton, "although probably not until next week." While the deal is complete, Alexander must now begin "the potentially deal-killing exercise of waiting to see if any local investors in Edmonton can step up and pay $70 million for the team" (HOUSTON CHRONICLE, 10/30). The EDMONTON JOURNAL reports Alexander will be in Edmonton next Tuesday for a news conference (EDMONTON JOURNAL, 10/30).