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Friday, October 31, 1997
Canadian reports say Oilers sold to Houston
Rockets owner Les Alexander
EDMONTON, Alberta (AP) -- Edmonton Oilers Peter Pocklington
has agreed to sell his National Hockey League team to Houston
Rockets owner Leslie Alexander, Canadian media reported today.
Alexander has submitted an offer to purchase the Oilers and
will attend a news conference next Tuesday in Edmonton, the Edmonton
"It (the bid) came in the last day or so," John Ramsey,
chief operating officer of The Pocklington Sporting Group told
The offer was also confirmed by Alberta Treasury Branches,
the newspaper said.
"Mr. P phoned me simply to say that he had agreed to a
deal," the Edmonton Sun quoted Mayor Bill Smith as saying.
There were reports last week that Alexander would buy the Oilers
for $85 million and keep them in Edmonton for at least three years.
Angela Blakeney, a Rockets spokeswoman declined comment.
Representatives of the Jim Hole, Bruce Saville and Cathy Roozen
group, which are considering buying the team, could not be reached
City developer Robert Proznik, who heads the other local group,
said he is still in the running and could join forces with Hole,
Saville and Roozen.
"It's not out of the realm of possibilities," Proznik
told the Journal.
"I would certainly prefer local ownership by a country
mile," Smith told the Sun. "But if we're going to lose
them, I'd certainly rather have them stay here with foreign ownership."
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