Peter Pocklington
The man who traded Gretzky and built an empire.
Peter Hugh Pocklington (born November 18, 1941) is a Canadian entrepreneur. He was known among North American hockey fans as "Peter Puck," an entrepreneur from oil-rich Alberta who was also the owner of the National Hockey League (NHL)'s Edmonton Oilers from 1976 to 1998, running the team during its dynasty years from 1984 to 1990. He earned the enmity of many Canadians when he traded hockey's greatest player, Wayne Gretzky, to the Los Angeles Kings.
- Role
- Owner
- Affiliation
- Edmonton Oilers (NHL)
- Purchase Era
- Late 1970s
- Sale Era
- 1998
- Stanley Cups Won Under Ownership
- 5
Verified Timeline
Lore & Background
Pocklington was born in Regina, Saskatchewan, to Basil Cohen Pocklington and Eileen (Dempsey), and grew up in London, Ontario. The greatest influence on young Pocklington was the motivational speaker Earl Nightingale and his recording The Strangest Secret. One of his earliest business ventures was buying old cars from farms near Carberry, Manitoba, for $25 and selling them in Ontario for up to $500. By age 25, he owned his first car dealership, Westown Ford in Tilbury, Ontario, becoming the youngest Ford dealer in Canada. By 1971, when he was 29, he moved west and bought Shirley Ford in Edmonton, Alberta. He bought part ownership of the Edmonton Oilers in 1976, using his wife's diamond ring as a downpayment. In fall 1978, he acquired the rights to 17-year-old Wayne Gretzky from Nelson Skalbania. Pocklington was taken hostage by a gunman, Mirko Petrović, who broke into his home; during the incident, both Pocklington and Petrović were shot by RCMP officers but both recovered. In 1983, Pocklington entered the Progressive Conservative Party of Canada leadership convention, campaigning on free trade, privatization, a flat tax, and retiring the national debt; he withdrew before the second ballot and supported Brian Mulroney. He was an active philanthropist, giving to the Canadian Cystic Fibrosis Foundation, the Jamie Platz YMCA, the Glen Sather Sports Medicine Clinic, a free-enterprise chair at the University of Alberta, and Junior Achievement. He served on the board of the Betty Ford Center from 1995 to 2010. In 1998, after selling the Oilers, he moved to Palm Desert, California. On October 8, 2014, he was invited back to Edmonton for a reunion of the first Stanley Cup championship team and received a standing ovation from the fans in attendance.
In Their Own Story
The defining moment of Pocklington's career arrived on August 9, 1988, when he traded Wayne Gretzky to the Los Angeles Kings. In his 2009 biography, *I'd Trade Him Again: On Gretzky, Politics and the Pursuit of the Perfect Deal*, co-authored by Terry McConnell and J'lyn Nye, Pocklington explained his unwavering belief that the trade benefited the Oilers, the Kings, Gretzky, and the game itself. This conviction remained despite the backlash from a nation that viewed Gretzky as their greatest player. His life was not without peril; in one harrowing incident, he was held hostage for 11 hours by gunman Mirko Petrović, who intended to kidnap his wife Eva but failed. RCMP officers eventually stormed the home, shooting both Pocklington and the kidnapper, though both men made full recoveries.
Reader's Guide
Peter Pocklington owned the Edmonton Oilers from 1976 to 1998, overseeing their dynasty years from 1983 to 1990. He is most famous for trading Wayne Gretzky to the Los Angeles Kings. His business empire included a Ford dealership, Fidelity Trust, Palm Dairies, Canbra Foods, Magic Pantry, Kretschmar Foods, Green Acre Farms, and Gainers meatpacking. He also owned the Edmonton Trappers, Edmonton Drillers, Edmonton Brick Men, and Kamloops Junior Oilers. His 1986 labour dispute at Gainers involved a six-month strike with strikebreakers. His life is documented in the 2009 biography I'd Trade Him Again: On Gretzky, Politics and the Pursuit of the Perfect Deal.
Did You Know?
- Pocklington offered his wife's diamond ring as a downpayment to buy part ownership of the Edmonton Oilers in 1976.
- He acquired Wayne Gretzky from Nelson Skalbania in fall 1978, when Gretzky was 17.
- During a hostage incident, both Pocklington and the kidnapper were shot by RCMP officers but both recovered.
- Pocklington campaigned for the Progressive Conservative Party leadership in 1983 on a platform including a flat tax and privatizing Crown corporations.
- He served on the board of the Betty Ford Center from 1995 to 2010.
Frequently Asked Questions
Who was Peter Pocklington?
He was a Canadian entrepreneur from Alberta who owned the Edmonton Oilers from 1976 to 1998. Fans often refer to him as "Peter Puck" due to his deep involvement with the team during its formative years.
How successful were the Oilers under his ownership?
The franchise won five Stanley Cups between 1984 and 1990 while he held the majority stake. This period is widely regarded as one of the greatest dynasties in professional hockey history.
Why is Peter Pocklington controversial among fans?
His legacy is tarnished by the decision to trade Wayne Gretzky to the Los Angeles Kings in 1988. Although he believed it was financially necessary, many supporters feel betrayed by moving the team's greatest icon.
When did Peter Pocklington buy and sell the Oilers?
He acquired the franchise in 1976 and held ownership until selling his controlling interest in 1998. This twenty-two-year tenure covered the expansion era through the peak of their championship run.
What is his lasting impact on the club?
Pocklington built the infrastructure that allowed Edmonton to dominate the late 1980s, yet his exit marked the end of an era for local control. His tenure remains a defining chapter in the organization's history book.
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