 Nonetheless, this was not enough to qualify for the playoffs, as the Oilers finished three points out in ninth place.During the season, Daryl Katz, owner of the Rexall pharmaceutical company, purchased the team from the Edmonton Investors Group.The Oilers announced a restructuring of their hockey operations on July 30, 2008, which saw the promotion of Kevin Lowe to the role of president of hockey operations and was replaced by Steve Tambellini.