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Edmonton Investors Group Planning On New Arena For Oilers
Published October 3, 2005
|Oilers Owners Planning For
New Arena In Near Future
LOCKOUT COSTLY: In Edmonton, Joanne Ireland wrote that the Oilers expect the “lost season will have cost” EIG C$9M. Corporate sales are down 40% an additional C$2M shortfall “largely because the lockout ended after the fall media buy.” While the team added 1,000 new season-ticket holders, as many as 400 former season-ticket holders elected not to renew their packages. Oilers President & CEO Patrick LaForge said, “We’ll recover eventually our commercial shortcomings, but the lockout has a hangover that goes with it. And in my mind, it’s got to be six months. At least” (EDMONTON JOURNAL, 10/2).