BREAKING NEWS: Colorado Avalanche legend Joe Sakic is making a historic return — this time as a co-owner. In a major announcement, team owner E. Stanley Kroenke and the Fertitta family have officially confirmed that Sakic, the iconic former player and longtime face of the franchise, will join the ownership group in 2025to 2026 seasons……….
Denver, CO – May 18, 2025 — In a stunning and emotional development for Colorado Avalanche fans and the entire hockey world, franchise icon Joe Sakic will officially return to the organization in a groundbreaking new role—as a co-owner. The announcement was made jointly by team owner E. Stanley Kroenke and the Fertitta family, who have welcomed Sakic into the Avalanche’s ownership group effective in the 2025 season.
Sakic, widely regarded as one of the most beloved figures in Colorado sports history, has spent nearly his entire professional life with the Avalanche organization. From his playing days as team captain to his executive leadership that helped guide the team to another Stanley Cup in 2022, Sakic’s legacy in Denver is unmatched. Now, he takes on a new chapter—this time in the boardroom.
“Joe Sakic represents everything the Avalanche stand for—leadership, loyalty, and excellence,” said Kroenke in a formal statement. “We are incredibly honored to welcome Joe as a co-owner. His contributions to the organization have been immeasurable, and this new role ensures his legacy continues to shape the future of the Avalanche.”
Sakic expressed deep gratitude and excitement during a press conference held at Ball Arena. “This team has been my home for over three decades,” Sakic said. “From the moment we arrived in Denver in 1995, the fans, the city, and the organization have been my family. To be able to return in this capacity and help guide the franchise from the ownership side is a dream come true.”
Originally drafted by the Quebec Nordiques in 1987, Sakic transitioned with the franchise to Colorado in 1995 and quickly became the face of the Avalanche. Known for his leadership and quiet intensity, he captained the team to two Stanley Cup championships in 1996 and 2001. After retiring in 2009, Sakic joined the front office and played a key role in rebuilding the team into a perennial contender, culminating in the 2022 Stanley Cup win.
Sakic’s return in an ownership capacity represents a rare full-circle moment in professional sports. Few athletes have not only dominated as players and excelled in executive roles, but now continue to shape their organization’s future at the ownership level.
The move also signals a possible shift in how the Avalanche plan to integrate their storied past with their long-term vision. With Sakic’s hockey expertise and deep emotional connection to the franchise, fans can expect a seamless blend of tradition and innovation.
The Fertitta family, who joined the Avalanche’s ownership group in 2023, emphasized their commitment to preserving the franchise’s legacy while building toward the future. “Joe embodies the heart and soul of the Avalanche,” said Lorenzo Fertitta. “His return as co-owner ensures the team’s identity and values remain strong for generations to come.”
As the Avalanche prepare for the 2025 season, one thing is clear: with Joe Sakic back in the fold, the franchise is in capable and familiar hands.
—
