Edmonton pharmacy billionaire makes $145 million bid for Oilers

The all-cash offer was made to the 37-member Oilers ownership group earlier this week, said the source, who added that the bid was unsolicited and that the team is not currently on the market.

Under terms of Katz’s offer, the Oilers would remain in Edmonton.

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Katz, 45, is an Edmonton native who owns the 1,800-store Katz Group.

The source said he believes most members of the ownership aren’t interested in selling.