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Columnist on Edmonton arena deal: Daryl Katz blew it

Oct 20, 2012, 11:52 AM EDT

Daryl Katz Getty Images

Oilers owner Daryl Katz had his dream of a new, money-making arena in Edmonton right there ready to be signed off on. Then he decided he wanted the city to pitch in even more money than they were already set to fork over. During a lockout.

Eric Duhatschek of The Globe And Mail says Katz’s thinking on why he should get more money was highly flawed at best.

“The justification seems to be that owners in Pittsburgh and Winnipeg received more generous support from their respective governments, so why shouldn’t Katz belly up to the trough for more, too?

Edmonton city council is in no way bound by precedents established by governing bodies in other jurisdictions. It has only one responsibility in the here-and-now, and that is to the taxpayers who elected them to office.”

Pittsburgh’s situation was a bit more dire when Mario Lemieux forced the city’s hand to get a deal done as he posed the serious threat of moving the team to Kansas City. That coming on the heels of Jim Balsillie’s failed bid to buy and move the team as well as other failed arena initiatives, the team and city worked things out.

Katz got the deal he was looking for at first, he just got too greedy in wanting more. It’s almost as simple as that. He figured looking a gift horse in the mouth was the way to go.

When a city is ready to back up the Brinks truck to get your deal done, the smart move would’ve been to just let them do it.

  1. solador78 - Oct 20, 2012 at 12:23 PM

    It’s time for Katz to sell to a more qualified owner, like the Nilsson Bros.

  2. Stiller43 - Oct 20, 2012 at 12:48 PM

    Any news on gretzkys daughter lately? New pics or somethin?

  3. jokoneski - Oct 20, 2012 at 2:26 PM

    In a nut shell, he wants out of Edmonton.

  4. b1unt3d - Oct 20, 2012 at 3:09 PM

    Katz is a scumbag. The deal he was offered and agreed to was ridiculous and yet he wants even more? Pathetic. So glad this arena deal has been scrapped for now.

    • manchestermiracle - Oct 20, 2012 at 6:11 PM

      It dovetails perfectly with the current NHL mindset: Sign a contract you have no intention of honoring. What a fine business model this league has become.

  5. timthomashero - Oct 20, 2012 at 4:09 PM

    Daryl Kantz stop asking for more money. What an idiot.

  6. bubblehead22 - Oct 21, 2012 at 12:33 AM

    The Emerald City is ready.

  7. pastabelly - Oct 21, 2012 at 4:01 AM

    Funny mullet too.

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