Gretzky has owned or partnered in the ownership of two sports teams before becoming a partner in the Phoenix Coyotes.
In 1985, Gretzky bought the Hull Olympiques of the Quebec Major Junior Hockey League for $175,000 CA.
During his ownership, the team's colours were changed to silver and black, presaging the change in team jersey colours when he played for the Los Angeles Kings.
For the first season that Gretzky played in Los Angeles, the Kings had their training camp at the Olympiques' arena.
Gretzky eventually sold the team in 1992 for $550,000 CAD.

In 1991, Bruce McNall purchased the Toronto Argonauts of the Canadian Football League (CFL) with Gretzky and John Candy as minority owners.
The club won the Grey Cup championship in the first year of the partnership, but struggled in the two following seasons, and the partnership sold the team before the 1994 season.
Only McNall's name was engraved on the Grey Cup as team owner, but in November 2007, the CFL corrected the oversight, adding Gretzky's and Candy's names.
In 1992, Gretzky and McNall partnered in an investment to buy a rare Honus Wagner T206 cigarette card for $451,000 US, later selling the card.
It most recently sold for $2.8 million US.
The pair also owned Thoroughbred race horses; one of them, Saumarez, won France's Prix de l'Arc de Triomphe in 1990.
Gretzky was a board member and executive officer of the Hespeler Hockey Company.

Gretzky's appeal as a product endorser far surpassed that of other hockey players of his era.
By 1995, he was among the five highest-paid athlete endorsers in North America, with deals from The Coca-Cola Company, Domino's Pizza, Sharp Corporation, and Upper Deck Company among others.
Forbes estimates that Gretzky made US$93.8 million from 1990 to 1998.
He has endorsed and launched a wide variety of products, from pillow cases to insurance.
Gretzky is a partner in First Team Sports, a maker of sports equipment and Worldwide Roller Hockey, Inc., an operator of roller hockey rinks.
The video game brand EA Sports included Gretzky in its 2010 title NHL Slapshot, and he had previously been an endorser for the 989 Sports games Gretzky NHL 2005 and Gretzky NHL 2006.
Gretzky also made an appearance on the music video for Nickelback's "Rockstar".

In 2017 as part-owner with Andrew Peller Ltd., Gretzky opened a winery and distillery bearing the name of Wayne Gretzky Estates in Niagara-on-the-Lake, Ontario, and with products labelled by the trademark, No.
99.
Since 1993, Gretzky and a business partner have operated the Wayne Gretzky's restaurant near the Rogers Centre in downtown Toronto.
Gretzky has other restaurants opened in 2016 at the Edmonton International Airport and named No.
99 Gretzky's Wine & Whisky, and in 2018 called Studio 99 at Rogers Place in Edmonton, Alberta.
Gretzky has owned or partnered in the ownership of two sports teams before becoming a partner in the Phoenix Coyotes. In 1985, Gretzky bought the Hull Olympiques of the Quebec Major Junior Hockey League for $175,000 CA. During his ownership, the team's colours were changed to silver and black, presaging the change in team jersey colours when he played for the Los Angeles Kings. For the first season that Gretzky played in Los Angeles, the Kings had their training camp at the Olympiques' arena. Gretzky eventually sold the team in 1992 for $550,000 CAD.
In 1991, Bruce McNall purchased the Toronto Argonauts of the Canadian Football League (CFL) with Gretzky and John Candy as minority owners. The club won the Grey Cup championship in the first year of the partnership, but struggled in the two following seasons, and the partnership sold the team before the 1994 season. Only McNall's name was engraved on the Grey Cup as team owner, but in November 2007, the CFL corrected the oversight, adding Gretzky's and Candy's names. In 1992, Gretzky and McNall partnered in an investment to buy a rare Honus Wagner T206 cigarette card for $451,000 US, later selling the card. It most recently sold for $2.8 million US. The pair also owned Thoroughbred race horses; one of them, Saumarez, won France's Prix de l'Arc de Triomphe in 1990. Gretzky was a board member and executive officer of the Hespeler Hockey Company.
Gretzky's appeal as a product endorser far surpassed that of other hockey players of his era. By 1995, he was among the five highest-paid athlete endorsers in North America, with deals from The Coca-Cola Company, Domino's Pizza, Sharp Corporation, and Upper Deck Company among others. Forbes estimates that Gretzky made US$93.8 million from 1990 to 1998. He has endorsed and launched a wide variety of products, from pillow cases to insurance. Gretzky is a partner in First Team Sports, a maker of sports equipment and Worldwide Roller Hockey, Inc., an operator of roller hockey rinks. The video game brand EA Sports included Gretzky in its 2010 title NHL Slapshot, and he had previously been an endorser for the 989 Sports games Gretzky NHL 2005 and Gretzky NHL 2006. Gretzky also made an appearance on the music video for Nickelback's "Rockstar".
In 2017 as part-owner with Andrew Peller Ltd., Gretzky opened a winery and distillery bearing the name of Wayne Gretzky Estates in Niagara-on-the-Lake, Ontario, and with products labelled by the trademark, No. 99. Since 1993, Gretzky and a business partner have operated the Wayne Gretzky's restaurant near the Rogers Centre in downtown Toronto. Gretzky has other restaurants opened in 2016 at the Edmonton International Airport and named No. 99 Gretzky's Wine & Whisky, and in 2018 called Studio 99 at Rogers Place in Edmonton, Alberta.
Wayne Gretzky