Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Franchises

ATB ACCEPTS LOCAL GROUP'S BID FOR NHL OILERS

          Alberta Treasury Branches has accepted the local
     investors' offer to buy the NHL Oilers for US$70M, according
     to MacDonald & Stock of the EDMONTON JOURNAL.  Investor Jim
     Hole said that the group has bid for all hockey assets: the
     Oilers, the Hamilton Bulldogs farm team and the ability to
     use Edmonton Coliseum.  Control of the building currently
     rests with Peter Pocklington's Coliseum Management Inc.
     (CMI), which acquired the operating rights to the arena
     through a license agreement with Northlands Park in '94. 
     Pocklington said the local group's offer does not include
     CMI and that he wants additional compensation if it is
     include in the sale.  But sources said that the local group
     "wants only to acquire the license agreement" (EDMONTON
     JOURNAL, 3/19).  Such a deal would give the local investors
     Northlands advertising and luxury suite revenues, plus arena
     naming rights.  Northlands "would get overall control" of
     the arena "and take over concerts and other events currently
     booked through CMI" (Bernard Pilon, EDMONTON SUN, 3/19).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/03/19/Franchises/ATB-ACCEPTS-LOCAL-GROUPS-BID-FOR-NHL-OILERS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/03/19/Franchises/ATB-ACCEPTS-LOCAL-GROUPS-BID-FOR-NHL-OILERS.aspx

CLOSE