The Edmonton Oilers are a professional ice hockey team in the National Hockey League (NHL). They are based in Edmonton, Alberta, Canada, and are privately owned (not publicly traded). The team competes in the Western Conference of the NHL and is one of the most iconic teams in league history.
Founded in 1971 (and joining the NHL in 1979), the Oilers are best known for their dominant era in the 1980s, winning five Stanley Cup championships led by Wayne Gretzky.
Ownership Status of the Edmonton Oilers
The Edmonton Oilers are privately owned by Daryl Katz through his company OEG Inc. (formerly known as Oilers Entertainment Group).
Major Shareholder / Owner
| Shareholder / Entity | Ownership Status | Notes |
|---|---|---|
| Daryl Katz (via OEG Inc.) | 100% (Private Ownership) | Katz received the NHL’s final approval to purchase the team in June 2008. |
Since the team is not publicly traded, there is no public shareholder base like those found in major corporations.
Key Owner Profile
Daryl Katz is the Owner, Chairman, and Governor of OEG Inc., which in turn owns the Edmonton Oilers. He is an Edmonton native who grew up as a passionate Oilers fan and eventually became the team’s savior when he purchased it in 2008.
Katz’s background includes:
- Building a major retail pharmacy business in Canada known as Rexall.
- Leading real estate and entertainment ventures, notably developing ICE District, Edmonton’s downtown sports and entertainment hub.
- Managing a broad portfolio of businesses through OEG Inc., including sports, hospitality, and live entertainment assets.
About Daryl Katz
Daryl Allan Katz was born on May 31, 1961, in Edmonton, Alberta. A graduate of the University of Alberta Faculty of Law, Katz built his fortune through entrepreneurship and strategic investments.
He is the Founder and Chairman of the Katz Group of Companies, a privately owned enterprise involved in pharmacy, real estate, sports, and entertainment. Growing up in Edmonton, Katz had a lifelong admiration for the Oilers and saw an opportunity to both secure the team’s long-term future and revitalize downtown Edmonton through major investments like the ICE District.
Under his leadership, the Rogers Place Arena became the centerpiece of the district — a modern venue for hockey, concerts, and major events. His vision transformed Edmonton into a vibrant sports and entertainment destination.
Daryl Katz Net Worth
Daryl Katz’s net worth reflects his vast holdings in multiple industries. Different reports estimate varying amounts based on changing business valuations:
- As of 2022, Katz’s net worth was estimated at around US $4.2 billion.
- In 2024–2025, reports placed his wealth at approximately US $5.8 billion, ranking him among Canada’s wealthiest individuals.
- Forbes (2025) estimates his current net worth at around US $6 billion.
His wealth primarily comes from his pharmacy empire (Rexall), real estate developments, and ownership of OEG Inc., which includes the Edmonton Oilers, Edmonton Oil Kings, and other entertainment holdings.
Katz is also known for his philanthropy, donating millions to education, healthcare, and community development projects across Canada.
Recent Developments in Ownership
There have been no significant ownership changes since Daryl Katz’s acquisition in 2008. Katz continues to be the sole owner and remains actively involved in the Oilers’ operations through OEG Inc.
Under his leadership, the Oilers have strengthened their brand value and grown into one of the most valuable franchises in the NHL.
FAQs
1. Who is the current owner of the Edmonton Oilers?
The current owner is Daryl Katz, through his company OEG Inc.
2. Is the Edmonton Oilers team publicly traded or privately owned?
It is privately owned and not publicly traded.
3. When did Daryl Katz buy the Edmonton Oilers?
He purchased the team in June 2008 after receiving NHL approval.
4. Has the ownership changed recently?
No, the ownership has remained consistent since 2008.
5. What other ventures does Daryl Katz own?
He owns OEG Inc., which oversees the Edmonton Oilers, ICE District, and other entertainment and hospitality ventures.
In conclusion, the Edmonton Oilers are owned by Daryl Katz, one of Canada’s most prominent businessmen and philanthropists. Through OEG Inc., Katz has transformed the Oilers’ operations and played a major role in revitalizing downtown Edmonton with the creation of the ICE District. His estimated net worth of around US $6 billion underscores his position as one of the richest owners in the NHL and a driving force in shaping Edmonton’s sports and entertainment future.
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