Gretzky was inducted into the Ontario Sports Hall of Fame in 2004. Following the bankruptcy of the Phoenix Coyotes in September 2009, Gretzky resigned as head coach and sold his ownership stake. He joined Oilers Entertainment Group as a partner and vice-chairman in October 2016. However, despite this fact appearing in many sports books over the years, it has never been confirmed by the Gretzky family or the National Hockey League.