THIS IS THE BEST NEWS WE COULD HOPE FOR: Joe Sakic Returns as Key Principal Owner of the Colorado Avalanche
Avalanche fans are celebrating like it’s 1996 all over again. In what many are calling a dream come true, NHL legend and Colorado Avalanche icon Joe Sakic has officially returned to the franchise — this time as a Key Principal Owner.
The Colorado Avalanche and the broader National Hockey League (NHL) community are overwhelmed with excitement and joy as one of the game’s most respected and decorated figures once again puts on the Avalanche crest — not on the ice, but at the ownership level.
“This is the best news we could hope for,” said longtime Avalanche supporter Chris Dalton outside Ball Arena. “Joe Sakic is the Avalanche. To have him back in this way is beyond incredible.”
Sakic, who captained the Avs to two Stanley Cup victories (1996 and 2001) and later served as the team’s General Manager and President of Hockey Operations, has now taken his dedication to the franchise to an even higher level by stepping into an ownership role. Known for his quiet leadership, championship mentality, and loyalty to the Avalanche community, Sakic’s return is being hailed as a historic turning point in the franchise’s future.
In a statement released by the team, Sakic expressed his passion and purpose:
“Colorado is my home. The Avalanche are my family. This organization has given me everything, and now it’s time to continue building something even greater for the next generation of players and fans.”
While Sakic transitioned out of his executive role in 2024 to spend more time with his family, sources say his desire to stay involved in the team never wavered. His move to ownership allows him to influence long-term strategy, culture, and hockey operations while supporting the next chapter of Avalanche success.
NHL Commissioner Gary Bettman welcomed the news with high praise:
“Joe Sakic has always represented the best of what hockey can be — as a player, as an executive, and now as an owner. This is a tremendous day for the Avalanche and for the league as a whole.”
The reaction from Avalanche fans and the wider NHL community has been overwhelming. Social media erupted with hashtags like #SakicReturns, #AvsLegendForever, and #JoeOwnsIt, as tributes poured in from former teammates, current players, and fans from around the world.
Current Avalanche captain Cale Makar shared his excitement:
“To have Joe back in the room — even in a new role — is inspiring. He’s the definition of what it means to be an Av.”
The move signals a strong commitment to legacy, stability, and ambition from the Avalanche organization. With a talented roster and an owner who’s lifted the Cup in Avalanche burgundy and blue, the future in Denver looks brighter than ever.
