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The staff has also declared that a lottery is going to be held for the appropriate to invest in multi-game packages at Rexall Area.

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These rumours were being confirmed on January 23, as the rival faction would match the Katz offer either by soliciting new shareholders or getting a loan from Scotiabank using the hockey club as collateral.[6]

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Once the Oilers had been put up available for purchase, quite a few doubted whether a neighborhood ownership can be observed and believed the very pleased franchise would be re-Positioned to an American metropolis as experienced took place Along with the teams in Quebec Metropolis in 1995 and Winnipeg in 1996. In 1997, the inhabitants in the Edmonton metropolitan area was even now below a million, a determine viewed by lots of supporters to generally be the least foundation a North American significant athletics workforce has to be economically viable.

Even so, the conditions of Pocklington's lease at what was then generally known as the Edmonton Coliseum prevented him from unilaterally moving the staff or promoting it to a person who meant to move it. It stipulated that an ownership group willing to retain the team in Edmonton might have six weeks with the time any this sort of intention was declared to acquire the workforce for US$70 million. Furthermore, the ATB is really a crown corporation owned because of the Alberta governing administration, even though they handled the subject as non-political.

With the sole other previous Earth Hockey Association crew in Hartford re-locating in 1997, many analysts predicted which the "domino result" will be done in 1998 with the Oilers' shift.

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