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NHL board unanimously approves Oilers, Lightning sales

Updated: June 18, 2008, 11:21 PM ET
Associated Press

NEW YORK -- The NHL board of governors unanimously approved the sale of the Edmonton Oilers to Canadian billionaire Daryl Katz, and the purchase of the Tampa Bay Lightning by a group of investors led by Hollywood producer Oren Koules and former player Len Barrie.

Both deals were approved Wednesday at the board of governors meeting in New York in advance of this weekend's NHL draft in Ottawa.

Katz, the owner of the Rexall Drug Store chain, agreed in February to buy 100 percent of shares ...

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