Wayne Gretzky does not currently own the Edmonton Oilers, nor has he ever held a majority ownership stake in the franchise. The team is owned by billionaire businessman Daryl Katz, who purchased the organization. While Gretzky previously held a small personal ownership share and served in an official executive vice-chairman role for the team years ago, he relinquished those corporate positions and shares long ago. Today, his connection to the franchise remains purely symbolic and ceremonial as an iconic alumnus, historical ambassador, and the greatest player to ever wear the team's sweater, rather than an operational owner or front-office decision-maker.