The Oilers ushered in a new era when they turned over the keys to the team to billionaire Daryl Katz.

The Edmonton-born owner of the Rexall Pharmacy chain, listed as the 580th richest man in the world, replaces the 34-man investors group that banded together to save the franchise 10 years ago.

With Katz running the show now, the Oilers, who've been struggling to keep their head above water for two decades, are as flush as any club in the league.

Katz immediately pledged $100 million toward a new downtown arena, offered to build a new rink for the University hockey team (which the Oilers would use as a practice facility) and put in the highest offer in the Marian Hossa sweepstakes, almost luring him to Edmonton.

The Oilers also made three trades in two ...More