ALEXANDER REACHES DEAL FOR OILERS; ANNOUNCEMENT TUESDAY?
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).