Canucks Sports & Entertainment
|Industry||Sports, Property management|
|Founded||1995 (as Orca Bay Sports & Entertainment)
2008 (present name)
|Key people||Francesco Aquilini, Chairman
Mike Gillis, President
Victor de Bonis, CEO
|Products||Professional sports teams, Arenas|
|Operating income||$17.6 million|
|Net income||$119 Million|
|Owner(s)||Aquilini Investment Group|
Canucks Sports & Entertainment, previously known as Orca Bay Sports & Entertainment, is a sports and entertainment company in Vancouver, British Columbia, Canada that owns and operates the Vancouver Canucks of the National Hockey League team and their home arena, Rogers Arena.
As Vancouver executive Arthur Griffiths overspended building General Motors Place, where the NHL's Vancouver Canucks and the upcoming NBA expansion Vancouver Grizzlies would play, on March 1995 he associated with Seattle billionaire John McCaw, Jr. - then a co-owner of the Seattle Mariners - to form the Northwest Entertainment Group, which would control both teams and the arena. On August 22 the company was rebatized Orca Bay Sports and Entertainment, in homage to the killer whales that roam on the British Columbia coast. In 1996, McCaw assumed full ownership of the company and its assets.
Citing mounting losses, on August 21, 1999 Orca Bay announced that the Grizzlies, Canucks and GM Place are up for sale. The Grizzlies were purchased for $160 million in 2000 by Chicago businessman Michael Heisley, who after another lossy season relocated the team to Tennessee in 2001, where it became the Memphis Grizzlies. While for three years Orca Bay considered selling the Canucks to North American investors, by 2003 the team's improved performances had the company give up on this. In November 2004, Vancouver-based investment company the Aquilini Investment Group purchased 50% of the company from McCaw and two years later bought the remaining 50%. On 2008, AIG rechristened the company Canucks Sports & Entertainment feeling the team's brand was strong enough for its parent company.
It was reported on May 13, 2009 by local radio station the TEAM 1040 that Francesco Aquilini and Canucks Sports & Entertainment had expressed interest in purchasing the Indiana Pacers of the National Basketball Association and moving the team to Vancouver. A possible deal would depend on if Pacers owners Herbert and Melvin Simon can secure a new lease agreement with the Indianapolis Capital Improvement Board who own their home arena, the Conseco Fieldhouse. In 2011, rumours surfaced of Aquilini wanting to purchase the New Orleans Hornets, which since their bankruptcy in 2010 are owned by the NBA.
- Vancouver Canucks, a National Hockey League team (valued at $300 million USD, 7th in the NHL)
- Rogers Arena, an indoor sports arena
- Utica Comets, an American Hockey League team
- Vancouver Grizzlies, a professional basketball team.
- Canucks Sports & Entertainment replaces Orca Bay Retrieved on 2009-05-13.
-  Retrieved on 2010-12-31.
- of Seattle today formed the Northwest Entertainment Group Attention News Sports Editors: NEW NORTHWEST ENTERTAINMENT GROUP PARTNERSHIP FORMED FOR NHL'S CANUCKS, NBA'S GRIZZLIES AND GENERAL MOTORS PLACE ...Arthur R. Griffiths of Vancouver to serve as Chairman, CEO and Governor with John E. McCaw, Jr. of Seattle as Vice-Chairman
- RENAMED ENTERTAINMENT GROUP TO OVERSEE VANCOUVER PRO SPORTS
- Report: B.C. businessmen to buy NHL Canucks Retrieved on 2009-05-13.
- On the move, CBC Sports
- Canucks Sports & Entertainment replaces Orca Bay
- Aquilini Interested in Indiana Pacers? Retrieved on 2009-05-13.
- Aquilini wants NBA's Hornets in Vancouver: report
-  Retrieved on 2009-12-17.