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June 18, 2008 / 9:32 PM

Two NHL franchises change hands

NEW YORK, June 18 (UPI) -- The National Hockey League announced Wednesday its Board of Governors had green-lighted the sale of the Edmonton and Tampa Bay franchises.

The Edmonton Oilers had been owned by a 34-member group of local investors, but were sold to Darryl Katz, a native of Alberta and owner of the Rexall pharmacy chain.

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A group headed by Hollywood producer Oren Koules purchased the Lightning from a consortium known as Palace Sports and Entertainment. Included among the co-owners with Koules will be former NHL coach and general manager Doug MacLean and former NHL player Len Barrie.

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