Post by bcmike on Apr 1, 2011 10:59:25 GMT -5
cbcnews.ca.breaking.mauvaisoeil.com/canada/quebec/2011/04/01/quebecor-buys-edmonton-oilers-move-to-quebec.html
In a shocking turnabout, Quebecor Media Inc. announced today that they had signed an agreement with owners of the Edmonton Oilers National Hockey League (NHL) franchise to buy the team for approximately $275 million.
Quebecor will transfer the franchise to Quebec City, Quebec, in time for the 2011-12 NHL season. Quebecor Media, a company started in 1950 by Pierre Péladeau, already owns and operates a vast communications empire mostly in Québec and the rest of Canada. The company has already purchased the naming rights to the new arena being built in Quebec City.
Quebecor President Pierre-Karl Péladeau. (CBC)The NHL will play at the Colisée Pepsi until the Quebecor Center's proposed opening for the 2015-16 season. A news conference will be held in Quebec City within a few weeks to introduce key members of the hockey organization to the community.
Quebec City lost its beloved Nordiques to Colorado in the 1990s. The Nordiques joined the NHL in 1979 and finished the 1994-95 season with the second-best record in the league before moving to Denver.
Negotiations for the purchase of the Edmonton Oilers were concluded at Quebecor's Montreal headquarters Wednesday afternoon and approved by the company's Board of Directors on Thursday morning. The transaction and transfer fees, if any, are subject to approval by the NHL Board of Governors.
In a shocking turnabout, Quebecor Media Inc. announced today that they had signed an agreement with owners of the Edmonton Oilers National Hockey League (NHL) franchise to buy the team for approximately $275 million.
Quebecor will transfer the franchise to Quebec City, Quebec, in time for the 2011-12 NHL season. Quebecor Media, a company started in 1950 by Pierre Péladeau, already owns and operates a vast communications empire mostly in Québec and the rest of Canada. The company has already purchased the naming rights to the new arena being built in Quebec City.
Quebecor President Pierre-Karl Péladeau. (CBC)The NHL will play at the Colisée Pepsi until the Quebecor Center's proposed opening for the 2015-16 season. A news conference will be held in Quebec City within a few weeks to introduce key members of the hockey organization to the community.
Quebec City lost its beloved Nordiques to Colorado in the 1990s. The Nordiques joined the NHL in 1979 and finished the 1994-95 season with the second-best record in the league before moving to Denver.
Negotiations for the purchase of the Edmonton Oilers were concluded at Quebecor's Montreal headquarters Wednesday afternoon and approved by the company's Board of Directors on Thursday morning. The transaction and transfer fees, if any, are subject to approval by the NHL Board of Governors.