The 1998–99 Edmonton Oilers season was the Oilers' 20th season in the NHL, and they were coming off a 35–37–10 record in 1997–98, earning their 2nd straight playoff appearance. During the off-season, the Oilers franchise remaining in Edmonton looked very unlikely, as Oilers owner Peter Pocklington would be talking to a group from Houston which, if successful in the purchase, would relocate the club to Houston. At the last minute, the Edmonton Investors Group, a consortium of 37 Edmonton-based owners, raised the funds to purchase the team from Pocklington, vowing to keep the Oilers in Edmonton. The Oilers received support throughout the NHL, and the club would remain.