In a monumental announcement that has sent shockwaves through the hockey world, the Colorado Avalanche organization confirmed today that legendary Hall of Famer Joe Sakic will officially return in 2025 as a co-owner of the franchise.
The news was revealed during a joint press conference with Stanley Kroenke, the principal owner of Kroenke Sports & Entertainment, and members of the Sakic family. The move marks a historic full-circle moment for the former captain, executive, and long-revered icon of Colorado hockey.
“Joe Sakic is more than just a hockey legend — he’s part of the very identity of the Avalanche,” said Kroenke. “It is with immense pride and excitement that we welcome him back as a co-owner and partner in shaping the next chapter of this great franchise.”
Sakic, 56, spent his entire 21-year playing career with the Quebec Nordiques/Colorado Avalanche franchise, leading the team to two Stanley Cup titles as a player (1996, 2001) and another in 2022 as General Manager. He stepped down from his President of Hockey Operations role in 2023 but remained a respected advisor.
Now, in 2025, Sakic returns not behind the bench or in the front office—but at the very top.
“This team has been my life,” Sakic stated emotionally. “It’s where I grew up, where I raised my family, and where I experienced the greatest moments of my career. I’m honored to take this next step and continue giving back to a community and organization that’s given me everything.”
While full details of the ownership structure were not disclosed, sources indicate that the Sakic family has acquired a minority stake, with potential for expanded influence in both hockey operations and community outreach.
Avalanche Nation Reacts
Social media exploded within minutes of the announcement, with fans and former players alike celebrating the news. “Joe’s back where he belongs,” tweeted former teammate Peter Forsberg.
The Avalanche are coming off a strong 2024–25 season, and Sakic’s return is widely seen as a cultural and symbolic boost—one that could inspire another era of championship ambition.
