The NHL Board of Governors approved the sale of the team to a group of 17 local investors for $70-million, preventing the team from moving to Texas.The closing is subject to approval from commissioner Gary Bettman and league lawyers.
The Oilers were in danger of being moved to Houston after Les Alexander, owner of the NBA's Houston Rockets, tried to buy the team for $82.5-million in February. A 1994 agreement between team owner Peter Pocklington, the city of Edmonton, Northlands Park and Economic Development Edmonton prevented Alexander from immediately moving the team.
DUGUAY HINTS AT COMEBACK: Former NHL center Ron Duguay said he wants to return to the league with the expansion Nashville Predators, who begin play this fall. The Duguay, 40, last played in the NHL with the Los Angeles Kings during the 1988-89 season. He has played for San Diego-based teams in two minor leagues off and on since 1991.