Edmonton Downtown Arena Edmonton Oilers The Katz Group

crying wolf.

June 25, 2009: Cal Nichols said that losing the City Centre Airport would have a greater economic impact than if the city lost the Oilers.

December 13, 2009: The future of the Katz Group owned Oilers won’t be secure in Edmonton unless a new arena is built, says former Oilers owner Cal Nichols, an adviser on the new downtown arena proposal.

According to Forbes Magazine, the Edmonton Oilers annual revenue has increased from $40 million in 2000 to $83 million in 2009. The magazine lists the Edmonton Oilers with a $9.4 million operational income in 2009, one of the highest in the NHL.

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