The Edmonton Oilers are a professional ice hockey team based in Edmonton and presently compete in the Pacific Division of the Western Conference. Notably, they started as the Alberta Oilers during their days in the World Hockey Association (WHA). However, the team shifted bases after the merger of WHA and the NHL in 1979.
The Oilers quickly rose to prominence in the 1980s, fueled by the exceptional talent of Wayne Gretzky and a formidable roster that included future Hall of Famers like Mark Messier, Glenn Anderson, Jari Kurri, and Paul Coffey. This era saw the Oilers claim five Stanley Cups and dominate the league. Despite Gretzky's departure in 1988, the Oilers remained competitive, with Messier leading them to one more Stanley Cup victory in the 1989–90 season. However, subsequent years saw the team struggle to maintain its elite status, experiencing a mixture of triumphs and setbacks throughout the 1990s. In recent years, the Oilers have shown signs of resurgence, particularly in the 2016–17 season, when they achieved their highest number of wins since the 1980s. Spearheaded by center Connor McDavid, the team displayed promise, although subsequent seasons witnessed fluctuations in performance.
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Edmonton Oilers' owner
The Edmonton Oilers franchise is owned by Daryl Katz, an Edmonton native and chairman and governor of OEG Inc. (formerly Oilers Entertainment Group), a leading organization in sports, entertainment, retail cannabis, and hospitality industries in North America. Notably, Daryl Katz is also the founder and chairman of the Katz Group of Companies, a privately owned enterprise with operations in sports and entertainment and real estate development. Along with this, he also operates the Rogers Place in downtown Edmonton alongwith Aquila Productions, a film & production company).
Daryl Katz's influence extends beyond sports ownership, as he is also known for his significant contributions to Edmonton's development. He played a pivotal role in spearheading the creation of the ICE District, a multi-billion-dollar project aimed at revitalizing downtown Edmonton into a vibrant sports and entertainment hub.
Edmonton Oilers' valuation
The Edmonton Oilers are valued at $2.65 billion, as of May 2025. Owned by Daryl Katz, they generate $388 million in revenue and have $104 million in player expenses in the 2023-2024 season. (via Forbes)
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FAQ's On Edmonton Oilers
A. The Edmonton Oilers are valued at 2.65 billion, as of May 2025.
A. Daryl Katz's purchased the Edmonton Oilers for $200 million in 2008.
