One of Us or One of Them: How relocation threat will impact Edmonton arena negotiations

Hockey in Society

Over the course of four years, Edmonton Oilers owner Daryl Katz has gone from local hero to shady business man.  Why the change in perception? One can easily point to his demands for a new arena, funded by taxpayer dollars. Or to his subtle threats to move the team to Hamilton, Quebec City or Seattle. But in the case of Daryl Katz, there’s something deeper than these recent events that has changed his public image. And unfortunately for Katz, these changes are difficult to reverse.

Background

Daryl Katz is chairman and CEO of the Katz Group, which owns and operates over 1,800 drug stores in North America. As of March 2012, Forbes estimates Katz’ net worth to be $2 billion, ranking him 13th in Canada, and 634th in the world. Born and raised in Edmonton, Katz is the quintessential local-boy-who-did-good story. He attended the University of Alberta. Started…

View original post 1,785 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s