In a stunning and emotional turn of events, the Daryl Katz family has announced that Kevin Lowe, one of the most iconic figures in Edmonton Oilers history, will officially return to the franchise in 2025 — not behind the bench, but as a co-owner.
This monumental move was revealed during a surprise press conference held at Rogers Place earlier today, where Lowe was greeted with a standing ovation from media, former teammates, and loyal fans. Flanked by Daryl Katz and Oilers executives, the Hall of Fame defenseman expressed both gratitude and excitement about his new role.
“This team has always been my family,” said Lowe, visibly emotional. “From the first time I pulled on the Oilers jersey in 1979, to our Cup runs in the ’80s, to my time in management — Edmonton has always been home. Today, I return not just as a steward of the past, but as a builder of the future.”
Kevin Lowe, 66, was a foundational piece of the Oilers dynasty that dominated the NHL in the 1980s, winning five Stanley Cups with the team. He later served in executive roles including General Manager and Vice Chair of Hockey Operations, helping guide the team through multiple eras.
The Katz family cited Lowe’s “unmatched commitment to the franchise, deep community ties, and championship pedigree” as key reasons behind the decision.
“Kevin’s legacy with the Oilers is etched in history,” said Daryl Katz. “Today, we’re proud to say that his legacy will also shape our future.”
Insiders report that Lowe’s ownership stake was finalized over the summer, following months of quiet negotiations. His new position is expected to be both symbolic and strategic, with active involvement in community outreach, alumni engagement, and hockey operations oversight.
Fans React with Enthusiasm
Social media erupted with excitement moments after the announcement. Longtime Oilers fan groups praised the move as a return to the team’s roots and values.
“It feels like the heart of the Oilers is back,” tweeted one fan. “Kevin Lowe is more than a player — he is Edmonton hockey.”
What’s Next?
While no specifics were given regarding Lowe’s exact responsibilities, it’s believed he will be involved in shaping the team’s long-term vision, potentially mentoring younger executives and assisting in building a championship-caliber roster for the years ahead.
Lowe concluded his remarks with a nod to the next generation.
“We’ve built something special here before,” he said, “and we’re going to do it again.”
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