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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).