
Originally Posted by
RaptorOil
I heard a rumor tonight and wanted to hear if anyone else heard it. This came from another fan, not from the media.
Apparently the ownership will change hands from the current group, the EIG to the owner of Rexall. He is supposedly buying the team for approximately $200 million and the the arena should be built in and around the $500 million mark.
Just want to know if anyone else has heard this. Secondly, I can't see a 500 million dollar arena, 300-350 I can see, but who knows since Katz has the money to build such an arena. Plus with Katz as an owner, I can't see the Oilers going anywhere for a long time.
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