Tag: Daryl Katz

Daryl Katz

Columnist on Edmonton arena deal: Daryl Katz blew it


Oilers owner Daryl Katz had his dream of a new, money-making arena in Edmonton right there ready to be signed off on. Then he decided he wanted the city to pitch in even more money than they were already set to fork over. During a lockout.

Eric Duhatschek of The Globe And Mail says Katz’s thinking on why he should get more money was highly flawed at best.

“The justification seems to be that owners in Pittsburgh and Winnipeg received more generous support from their respective governments, so why shouldn’t Katz belly up to the trough for more, too?

Edmonton city council is in no way bound by precedents established by governing bodies in other jurisdictions. It has only one responsibility in the here-and-now, and that is to the taxpayers who elected them to office.”

Pittsburgh’s situation was a bit more dire when Mario Lemieux forced the city’s hand to get a deal done as he posed the serious threat of moving the team to Kansas City. That coming on the heels of Jim Balsillie’s failed bid to buy and move the team as well as other failed arena initiatives, the team and city worked things out.

Katz got the deal he was looking for at first, he just got too greedy in wanting more. It’s almost as simple as that. He figured looking a gift horse in the mouth was the way to go.

When a city is ready to back up the Brinks truck to get your deal done, the smart move would’ve been to just let them do it.

PHT Morning Skate: Dwayne Roloson is going back to school… Sort of

Erik Gustafsson, Dwayne Roloson

PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

It feels like eons ago, but Dwayne Roloson was a star goalie at UMass-Lowell. He’s going back there as a volunteer assistant during the lockout. Yes, he still wants to play after the lockout. (USCHO)

Montreal’s Erik Cole speaks his mind about yesterday’s labor developments and he seems pretty unimpressed about all of it. (Hockey Inside/Out)

Ken Warren at Senators Extra says the fans need a voice in the lockout. Has he checked Twitter lately? (Senators Extra)

Speaking of Twitter, Sharks players sounded off about the NHL turning down the players’ offer. Loudly. (Mercury News)

Welcome Andrei Markov to the list of guys spreading KHL doom and gloom. (Montreal Gazette)

Should Gary Bettman jump in on what’s going on with Daryl Katz and the City of Edmonton regarding a new building? (Edmonton Journal)

Oilers owner Katz is sorry for taking fan support for granted

Daryl Katz

Edmonton Oilers owner Daryl Katz has been fighting with the Edmonton city council for more money to build a new arena. When they turned him down, the Oilers opened the door to the possibility of relocation.

The Edmonton Oilers’ official twitter account retweeted a story about the possibility of Edmonton losing the team and the franchise began to publicly weigh their options, including a possible move to Seattle.

Now Katz has a message to the fans of Edmonton: He’s sorry.

“I took for granted your support and your love of the Oilers,” Katz said in a full page ad in the Edmonton Journal. “That was wrong, and I apologize.”

Katz said his intentions were to show the City leaders that his support couldn’t be taken for granted and that he bought the Oilers in the first place because he wants to build a sustainable franchise in Edmonton.

Here’s the text of the full page ad, again, courtesy of the Edmonton Journal:

To the People of Edmonton, Northern Alberta and Oilers Fans Everywhere,

I owe you an explanation.

I was upset when certain confidential information was leaked and by comments that I thought were unfair and called my integrity into question. I reacted by trying to send a message to City leaders that they should not take my support for a new arena for granted.

In doing so, I took for granted your support and your love of the Oilers.

That was wrong, and I apologize.

The best I can say is that I did it because I’m fighting for a deal that will enable the team to stay in Edmonton – and not because I want them to be anywhere else.

That’s why I bought the Oilers in the first place. Because I want the NHL to be sustainable in Edmonton for the long-term, and because I saw the city’s need for a new arena as an opportunity to transform our city for the better.

In hindsight, I have underestimated the degree to which it would be up to us to make the case for public funding. As I think you all know by now, public communications is not in my nature. Chalk that up as a personal shortcoming.

The simple fact is that the Oilers need Edmonton, and Edmonton needs the Oilers. Each is an integral part of the fabric and identity of the other.

We are continuing to work with City Administration to forge a win-win partnership that will benefit our city and that we can all be proud of.

I hope we can count on your support.

Daryl Katz

PHT Morning Skate: NHL lockout? There’s an app for that


PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

The NHLPA is making sure to keep its constituents informed thanks to a new cell phone app. (Sports Business Daily)

The Predators players can’t have Barry Trotz on the ice with them while they practice on their own, so they hired their own coach to lead the way. (Tennessean)

Need a refresher course on how escrow works? Well, here you go. (Globe And Mail)

John Shannon at Sportsnet says Daryl Katz’s talks with Seattle are trying to give him leverage. Yeah, about that… (Sportsnet)

Evgeni Malkin had three assists in Magnitogorsk’s 7-2 win. (KHL)

Oilers ownership confirm Seattle meeting, claim interest from many cities

Daryl Katz

The Oilers are continuing their bold stand to show the city of Edmonton they’re serious about moving the franchise if the city council doesn’t give them more money for a new downtown arena.

Bob Black, the Executive Vice President, Edmonton Arena Corporation, Katz Group issued a statement confirming the group’s meeting with people in Seattle tonight to “evaluate the market.” They also made it clear Seattle isn’t the only city taking an interest in the franchise.

“Nonetheless, and as the City of Edmonton is aware, the Katz Group has been listening to proposals from a number of potential NHL markets for some time. After more than four years of trying to secure an arena deal and with less than 24 months remaining on the Oilers’ lease at Rexall Place, this is only prudent and should come as no surprise.”

Let’s sum things up quick:

— Edmonton City Council pledges $200 million to help pay for a new downtown arena

— Katz tells the council he wants more money from them for the project and they refuse to give in

— Katz says the future of the franchise in Edmonton is in jeopardy without more money and refuses to meet again with the council

The actions from Katz are hostile, at best,  and seemingly foolish given that the league is currently locking out its players. Katz might be wise to reevaluate how this whole situation looks.