The Katz Group owns the Rexall brand, which holds the building naming rights for the Oilers' home arena, and other drugstore chains. [6] Drug Trading Company is a marketing and purchasing arm for a network of over 850 independent pharmacies that primarily operate under the I.D.A. But instead, Katz took a trip to Seattle to scout for opportunities. Andy Katz is a longtime college basketball reporter, analyst and host. Katz is founder and chairman of the Katz Group of Companies, one of Canada's largest privately owned enterprises, with pharmacy, sports & entertainment, and real estate development businesses. Katz Group in Worldwide Jobs About Katz Group. The deal was finalized in December 2016 following approval received under the Investment Canada Act.[10]. Katz is founder and chairman of the Katz Group of Companies, on… “Katz Group has been listening to proposals from a number of potential NHL markets for some time,” read a statement issued by the company. [18], Shortly after acquiring the Oilers in 2008, Katz set his sights on building a new arena in downtown Edmonton, which he anticipated being a catalyst for downtown revitalization. EDMONTON - The Edmonton Oilers have a new owner, pending approval from the NHL. Edmonton Oilers owner Daryl Katz has been battling a potentially life-threatening infection over the past few years, the team says. The uproar forced him to buy a full-page ad in the Edmonton Journal. Katz Group is one of Canada’s largest privately-owned enterprises, with operations in pharmacy, sports & entertainment and real estate development. After more than four years of trying to secure an arena deal and with less than 24 months remaining on the Oilers’ lease at Rexall Place, this is only prudent and should come as no surprise. [1] OEG also operates Rogers Place, the new home of the Oilers in downtown Edmonton.OEG is owned by Daryl Katz. In 2003, the Katz Group signed a … Oilers Entertainment Group (OEG) is a company based out of Edmonton, Alberta, that operates Katz Group of Companies ' sports and entertainment offerings. The arena building was initially estimated to cost $450 million. The Edmonton Investors Group Limited Partnership (EIGLP) was the limited partnership that owned the Edmonton Oilers of the National Hockey League and the Edmonton Oil Kings of the Western Hockey League.With more than thirty individual shareholders, EIGLP was the largest ownership group in the NHL. and Guardian brands, and Medicine Shoppe Canada Inc. OEG now owns and operates the Edmonton Oil Kings of the Western Hockey League and the Bakersfield Condors of the American Hockey League. [20], With Rogers Place at its core, Katz Group has begun construction of the Edmonton Arena District (EAD), which quickly became Canada’s largest mixed-use sports and entertainment development. The city’s portion of arena funding will be paid through a Community Revitalization Levy and did not result in any new cost to taxpayers. The Katz Group will provide $115-million toward … The station opened on September 6, 2015. On June 18, 2008, Daryl Katz received the final approval from the National Hockey League to purchase the Edmonton Oilers, and then on July 2, 2008, he was announced as the owner of the Edmonton Oilers during a press conference at Rexall Place, where he was presented with an Edmonton Oilers Jersey with the number "08" and his last name patched onto the back.[12]. The Oilers are negotiating with the City of Edmonton to co-fund a $450-million downtown rink to replace aging Rexall Place. [14], OEG also operates Rogers Place,[15] a multi-use indoor arena that is home to both the Edmonton Oilers and the Edmonton Oil Kings. Headquartered in Edmonton, Alberta, OEG’s growing staff of over 1,600 full- and part-time employees help to deliver exceptional sports, entertainment and other special event programming to fans and patrons in Canada and the United States. It was touted by Katz as "a city within a city," as the district is anchored by the arena, and includes office towers, a luxury hotel, about 1,000 condos and apartments, cinemas and other commercial developments. Nicholson will remain as Alternate Governor, representing the Edmonton Oilers to the National Hockey League and will be the primary liaison to Katz Group Chairman and Oilers owner Daryl Katz. The Katz Group of Companies is a Canadian privately-owned enterprise, with operations in sports and entertainment and real estate development. In July 2007, he made another bid for the Oilers of $185 million, which was turned down by the EIG on August 7, 2007. The flagship property and namesake is the Edmonton Oilers of the National Hockey League. The City of Edmonton was to pay $125 million, the Katz Group of Companies was to contribute $100 million, and $125 million was to be paid from a user-paid facility fee. “Katz Group thanks Glen for his valuable contribution over the past four years and wishes him well in his future endeavours,” said Jürgen Schreiber, Senior Managing Director and CEO, Katz Group. [4], On January 30, 2012, Katz agreed to sell its Drug Trading Company Ltd. to McKesson Corporation for roughly $920 million in cash. On December 12, 2007, Katz made an offer of $188 million to the EIG. Oilers Entertainment Group (OEG) is a company based out of Edmonton, Alberta, that operates Katz Group of Companies' sports and entertainment offerings. [4] OEG also owns Aquila Productions, which produces film & television, live events and broadcasts, and corporate and branded messaging services. Katz Group’s former pharmacy business and health-related companies operated under the banner "Rexall Health". [3] Rexall Health included these independently operated businesses: In March 2016, Katz sold Rexall to McKesson Corporation for C$3 billion. [17], Katz Group Properties is involved in land assembly and site and building development across Canada and the United States, and is leading the $2.5 billion Edmonton Arena District development now known as Ice District. Nonetheless, and as the City of Edmonton is aware, the Katz Group has been listening to proposals from a number of potential NHL markets for some time. The Oilers say the rink is … In addition to the Oilers, OEG owns and operates the Edmonton Oil Kings (WHL), the Bakersfield Condors (AHL), and Aquila Productions (film & production company). The remaining money was expected to come from the province or federal agencies. Following public consultations and negotiations with the City of Edmonton, Katz Group and the city agreed to a public-private partnership to build Rogers Place arena, under which the city would retain ownership of the new arena, and Katz Group operate it (under OEG). WATCH ABOVE: Edmonton Oilers owner Daryl Katz has been battling a potentially life-threatening sinus infection for the past few years, the team … OEG is owned by Daryl Katz. Oilers Entertainment Group (OEG) is a company based out of Edmonton, Alberta, that operates Katz Group of Companies' sports and entertainment offerings [clarification needed].The flagship property and namesake is the Edmonton Oilers of the National Hockey League. by Katz Group / Edmonton Oilers The following statement is attributable to Bob Black, Executive Vice President, Edmonton Arena Corporation, Katz Group: "I … President of Katz Group Real Estate Glen Scott gives the media a tour of Stantec Tower and the Ice District public plaza (visible behind him), in downtown Edmonton Thursday Sept. 27, 2018. The board of the EIG announced in January 2008 that it would again recommend to its shareholders to reject this latest bid. In 2001, it purchased the U.S.-based Drug Emporium big-box discount chain. Katz Group had a long history in the pharmacy business from 1991 until 2016, when it sold its remaining pharmacy interests including the Rexall Drugstore brand and stores to American pharmacy giant McKesson Corporation. In addition to sporting events, the arena plays host to concerts and other events in the Ice District, a mixed-use sports and entertainment development. The chain employs over 8,600 people at more than 460 locations across Canada, Medicentres Canada, a group of family health care clinics where family physicians and specialists provide health care services to people in Edmonton, Calgary, London and Windsor, Claimsecure Inc., a healthcare management and technology firm that provides customized health benefit claims management and plan administrative services to Canadian corporations and other health benefit plan sponsors, This page was last edited on 8 March 2021, at 16:59. [4] The Snyder's chain filed for bankruptcy in 2003 and its 25 stores were sold to Walgreens. In May 2007, Katz made a $145-million bid to buy the Edmonton Oilers NHL hockey team,[11] which the owners of the team, the Edmonton Investors Group (EIG), quickly rejected, stating the team was not for sale. Oilers Entertainment Group (OEG) is a company based out of Edmonton, Alberta, that operates Katz Group of Companies' sports and entertainment offerings[clarification needed]. [4] In 1996, it purchased the fading Rexall drugstore chain in Canada which at the time only consisted of several dozen stores. Months after it first made a controversial application to rezone some of its property by Edmonton's new downtown arena, the Katz Group - which owns the Edmonton Oilers … [7], "Oilers Entertainment Group Announces New Organizational Structure", "Oilers announce Bob Nicholson is the team's chief executive officer", "Peter Chiarelli named President of Hockey Operations and General Manager", "Admirals Purchased by Mango Media Group", "Producer Joel Silver is partnering with Canadian billionaire Daryl Katz", "Edmonton Arena District Now Officially Known as Ice District in Next Step to Becoming Canada's Largest Mixed-Use Sports and Entertainment Development", The night the lights went out in Massachusetts, https://en.wikipedia.org/w/index.php?title=Oilers_Entertainment_Group&oldid=1000264866, Wikipedia articles needing clarification from October 2018, Creative Commons Attribution-ShareAlike License, This page was last edited on 14 January 2021, at 11:18. In 2019, Rogers Place was awarded gold standard for exemplary architecture by the International Olympic and Paralympic Committees [16], In 2020, in response to the COVID-19 coronavirus disease 2019 pandemic, the City of Edmonton, along with Toronto, was selected as one of two NHL “Hub City’s” to facilitate the completion of the 2019-2020 season where the 12 years of effort to put Ice District together had put the city in a position to compete with anyone in the world for an event of this unprecedented scope. Rogers Place opened in downtown Edmonton in the fall of 2016. Edmonton Oilers owner Daryl Katz made a large donation to the Alberta Conservative party. Daryl Katz, head of the Katz Group, is the owner of the Edmonton Oilers Hockey Club. Oilers Entertainment Group (OEG), a subsidiary of the Katz Group, owns the National Hockey League five-time Stanley Cup Champion Edmonton Oilers, as well as professional hockey franchises in the American Hockey League, Western Hockey League, and ECHL, and Aquila Productions, one of Canada’s leading entertainment and event companies. In April 2015, Katz announced a partnership with Joel Silver to create Silver Pictures Entertainment[13] – a new company that will develop, produce, and provide or arrange financing for feature films, television, and digital projects. In 1991, in a partnership with his father Barry Katz, Daryl Katz paid $300,000 for the Canadian rights to the U.S.-based Medicine Shoppe drugstore franchise, which had over 1,000 stores in the USA. It was renamed Oilers Entertainment Group (OEG) in 2014. OEG operates Rogers Place in downtown Edmonton. [4] Six years after the first Medicine Shoppe was opened, Katz Group’s pharmacy operation consisted of 80 Rexall stores, 30 Medicine Shoppe outlets, and a few smaller independent retailers. Oilers Entertainment Group Sports Katz Media Group Katz Media Group ... Katz Group | 426 followers on LinkedIn. [4] Additionally on January 30, 2012, Katz acquired the 18-store Dell Pharmacies chain that operates in the Hamilton, Ontario, area. On March 2, 2016, Rexall announced that it was being sold, in entirety, by Katz Group to the McKesson Corporation, a San Francisco-based pharmaceuticals company. Oilers fans were outraged that Katz was considering moving the team. Born and raised in Edmonton, Daryl Katz grew up a passionate Oilers fan. Prior to joining MLT Aikins, Bob served as Executive Vice President of the Katz Group for the last 10 years. The Katz Group purchased the naming rights to the arena. Regarding the deal, National Bank Financial analyst Vishal Shreedhar suggested, "... Katz Group wants to exit the small pharmacy-focused independent/franchise business because it is most impacted by recent drug reforms. Oilers Entertainment Group (OEG), a subsidiary of the Katz Group, owns the National Hockey League five-time Stanley Cup Champion Edmonton Oilers, as well as professional hockey franchises in the American Hockey League, Western Hockey League, and ECHL, and Aquila Productions, an entertainment and event company. [19] Construction on the project began in March 2014 and was completed in fall 2016. It is located across from MacEwan University on 105 Avenue between 103 and 104 Street. In 2004, Katz purchased the naming rights for ten years to the new $45-million Rexall Centre, a 12,500-seat tennis and entertainment complex on the campus of York University in Toronto. Its founder and chairman is Daryl Katz. Katz, 57, made a … Katz created the Rexall Sports Corporation to run the sports and entertainment side of the Katz Group. [4] In 1997, it purchased the Ontario-based, 143-store Pharma Plus drug store chain from the supermarket operator Oshawa Group for $100 million. He played a key leadership role in overseeing the design and construction of Rogers Place, home to the Edmonton Oilers NHL team, and ICE District, a … In May 2007, Katz made a $145-million bid to buy the Edmonton Oilers NHL hockey team, which the owners of the team, the Edmonton Investors Group (EIG), quickly rejected, stating the team was not for sale. [4], In 1999, it ventured into the U.S. with the purchase of the money-losing Minnesota-based Snyders Drug Store chain, which had $300 million in sales. Oilers Entertainment Group - Wikipedia The developers of the district are the Katz Group and the ONE Development Group. Katz Group is also involved in land assembly, site, and building development in Canada and the United States, including the design and development of Ice District, an area encompasses more than 25 acres anchored by Rogers Place. [4] His father was a pharmacist who founded the Value Drug Mart chain in Edmonton in 1978. Katz’ interests in the company fall under the OEG umbrella. [2] Katz Group is based in Edmonton, Alberta. The EAD covers 25 contiguous acres of downtown Edmonton, and features a 50,000-square-foot public plaza, two office towers, a JW Marriott hotel, a Gateway Casinos gaming and entertainment facility, a Cineplex movie theatre complex, over 1,000 luxury condos and rental apartments, and 270,000 square feet of retail space at a total cost around $2.5 billion. In 2015, he became chief executive officer and operating head of Katz' entertainment interests, including the Oilers. The company was reorganized as Oilers Entertainment Group in 2014, with former Hockey Canada president Bob Nicholson as vice chairman. Katz Group also owns Dark Castle Entertainment, a film production company based in Los Angeles. In May 2007, Katz made a $145-million bid to buy the Edmonton Oilers franchise, which the owners of the team, the Edmonton Investors Group (EIG), quickly rejected, stating the team was not for sale. The sale represented about 90% of the Katz Group's assets, shrinking the group's network of corporate-owned and franchised stores to 450 Rexall/Rexall Pharma Plus stores. "Katz Group rebrands Edmonton's arena district", "Rexall Health Names Jürgen Schreiber CEO", Edmonton Journal: "Daryl Katz: reclusive billionaire" by Rick McConnell, John MacKinnon and Gary Lamphier, "Rare Canadian pharmacy takeover is inked", Tim Kiladze, GlobeandMail.com March 31, 2012, "Rare Canadian pharmacy takeover is inked", "Rexall drug store chain to be sold to McKesson in $3 billion deal", "Daryl Katz Partners With Hollywood Producer Joel Silver to Create New Entertainment Company", "Legendary Hollywood Producer Joel Silver and Canadian Entrepreneur Daryl Katz Partner to Create Silver Pictures Entertainment", "Rogers Place receives international gold architecture prize from Olympic judges", "The behind-the-scenes story of how the Edmonton Oilers won their Stanley "Hub" bid: 9 Things", "Edmonton Arena District project unparalleled across North America, world-class in scope", https://www.rogersplace.com/wintergarden-to-be-re-named-ford-hall/, "Stantec and EAD Joint Venture unveil design for Edmonton's tallest tower", The night the lights went out in Massachusetts, https://en.wikipedia.org/w/index.php?title=Katz_Group_of_Companies&oldid=1011026760, Creative Commons Attribution-ShareAlike License, Rexall/Rexall Pharma Plus, a retail pharmacy chain operating under the 100-year-old Rexall banner. Dell joined the Rexall chain effective with the announcement.[7]. [9] It has been speculated that this is due to pressure on McKesson by Walgreens over the Rite-Aid purchase, and on growing pressure on Rexall over sales. In addition to sporting events, the arena plays host to concerts and other events in the Ice District,[6] a mixed-use sports and entertainment development, featuring a winter garden - a key part of the architectural design used as a large multi-use indoor public space - and an adjoining community rink which is open to the public. On July 13, 2015 it was announced that the area surrounding the downtown arena would be called the Ice District. When Daryl Katz bought the Oilers in 2008 from Edmonton Investors Group, he created Rexall Sports Corporation as an umbrella for Katz Group's sports and entertainment interests. Thanks to the generosity of our valued hockey fans, Oilers players, the EOCF Board of Directors, Oilers Entertainment Group (OEG) employees and the Katz Family, this past 2019-20 season, the Foundation donated $3.2 million to charities and minor hockey groups. by Katz Group / Edmonton Oilers "This is a milestone agreement for a world class facility that will drive the ongoing revitalization of downtown Edmonton,” said Daryl Katz, Chair of the Katz Group. In April, ex-Katz Group Real Estate president Glen B. Scott filed a statement of claim alleging the company still owed him $6 million following his … OEG also operates Rogers Place, a multi-use indoor arena that is home to the Edmonton Oilers and the Edmonton Oil Kings. [5] Katz obtained financing from Vencap Equities, a venture capital fund established by the Alberta government to support local entrepreneurs. In contrast, Katz Group’s corporate store business ([about] 420 stores) benefits from stronger brand awareness, greater front store penetration and superior vendor support, making it a better growth platform." [2], On April 24, 2015 OEG announced the appointment of Peter Chiarelli as President of Hockey Operations and General Manager of the Oilers.[3]. Katz, the son of a drug store owner, has since sold off all of his pharmacy operations, pivoting his Katz Group to real estate and entertainment. [1] OEG also operates Rogers Place, the new home of the Oilers in downtown Edmonton. Ice District is accessible via the Edmonton Light Rail Transit MacEwan station on the Metro Line. From January 2014 to September 2016, OEG owned the Bakersfield Condors/Norfolk Admirals franchise in the ECHL. Stantec tower will be the tallest in Edmonton (62 storeys).[21]. [8] Katz Group continues to supply Rexall products to the independent and franchise pharmacies sold to McKesson. Oilers Entertainment Group (OEG) delivers leading sports, entertainment and other special event programming to fans and patrons in Canada and the United States. On January 28, 2008, Katz increased his offer to $200 million and extended the acceptance deadline to February 5, 2008, at which time Katz was notified by the EIG that all its members agreed to sell the Oilers to him, pending league and financial approval. LinkedIn. The flagship property and namesake is the Edmonton Oilers of the National Hockey League. Katz Group | 290 followers on LinkedIn. The Katz Group owns the Edmonton Oilers, and is leading the development of Rogers Place arena and the Ice … Katz’ interests in the company fall under the OEG umbrella. OEG also operates Rogers Place, the new home of the Oilers in downtown Edmonton. In April 2015, Katz announced a partnership with film producer Joel Silver to create Silver Pictures Entertainment[5] – a new company that will develop, produce and provide or arrange financing for feature films, television and digital projects. [4] Daryl later stated: "If my father wasn't in the business and didn't have a history, I would never have succeeded in getting it. Katz Group empowers industry growth by providing process-oriented turnkey services for multi-disciplinary projects. In 2014, it was announced that the City of Edmonton and Stantec would be the major tenants of the two office towers. Daryl Allan Katz (born May 31, 1961) is a Canadian billionaire businessman and philanthropist. Oilers Entertainment Group (OEG), a subsidiary of the Katz Group, owns the National Hockey League five-time Stanley Cup Champion Edmonton Oilers, as well as professional hockey franchises in the American Hockey League, Western Hockey League, and ECHL, and Aquila Productions, one of Canada’s leading entertainment and event companies.