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Canadian Press
12/4/2006 6:55:43 PM


PALM BEACH, Fla. (CP) - The Aquilini Investment Group took full control of the Vancouver Canucks and their arena Monday, giving the NHL franchise 100 per cent local ownership.

The NHL's board of governors approved the group's purchase of the remaining 50 per cent of the team and GM Place from Seattle businessman John McCaw.

The Aquilini group, owned by Vancouver businessmen Francesco, Roberto and Paolo Aquilini, bought the first 50 per cent of the team and the arena in November 2004.

''When our partnership was first formed (with McCaw) we both knew 100 per cent local ownership was always a possibility because it made sense,'' Francesco Aquilini said on Nov. 9th, the day after the deal to buy out McCaw was announced.

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