Two Flames Owners On 2015 Forbes Billionaires List

Ryan Pike
March 03 2015 12:00PM

Piggy_on_Money1

In the midst of all the trade deadline chaos, the fine people at Forbes Magazine released the 2015 edition of their list of the world's wealthiest individuals. Two Calgary Flames owners made their list of those estimated to be the world's billionaires.

Flames ownership chairman Murray Edwards, a long-time maven of the oil and gas sector who joined the ownership group in 1994, is worth an estimated $1.8 billion (US), per Forbes. That makes him the 1054th richest person on the globe.

Edwards is, at least by Forbes' figures, out-done slightly by fellow Flames owner Clayton Riddell - another oil and gas tycoon. Riddell is worth an estimated $1.9 billion, making him the world's 1006th richest person. He joined the ownership group in 2003.

No wonder the Flames can consistently afford to spend to the salary cap, eh?

According to the Forbes list, the richest NHL owner is either - depending on how you want to define it - Winnipeg Jets minority owner David Thomson ($25.5 billion) or Los Angeles Kings majority owner Philip Anschutz ($11.8 billion).

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Ryan Pike has covered the Calgary Flames since 2010. He's Senior Contributing Editor at FlamesNation, a Senior Writer covering the Flames and the NHL Draft for The Hockey Writers, and a correspondent for the Fischler Report. He's just trying to capture the spirit of the thing.
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#1 backburner
March 03 2015, 12:40PM
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A couple of Billionaire owners with strong corporate sponsorship and a wealthy fan base with one of the top attendance records in the league.

Not to mention the lowest payroll.

Can I get this guys email so I can ask him for some money?

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#2 coachedpotatoe
March 03 2015, 12:57PM
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And yet they will claim poor and ask the tax payers to build their new high end arena.

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#3 bigdog
March 03 2015, 12:58PM
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backburner wrote:

A couple of Billionaire owners with strong corporate sponsorship and a wealthy fan base with one of the top attendance records in the league.

Not to mention the lowest payroll.

Can I get this guys email so I can ask him for some money?

no but Bettman came calling for your tax dollars to build a new rink for them.

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#4 Danglesnipecelly
March 03 2015, 01:00PM
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backburner wrote:

A couple of Billionaire owners with strong corporate sponsorship and a wealthy fan base with one of the top attendance records in the league.

Not to mention the lowest payroll.

Can I get this guys email so I can ask him for some money?

Yet still I pay $400 for two tix... Guess that's why. Supply and demand. Murray has to put food on his table haha. I wonder how many games he actually watches?

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#5 SmellOfVictory
March 03 2015, 01:23PM
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The fact that there are over a thousand billionaires simultaneously alive on this planet is mind-boggling to me.

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#6 Jake the Snail
March 03 2015, 01:39PM
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@SmellOfVictory

..and that I am not one of them!

Up the highway Oiler fans are being asked how much of a price hike they are willing to pay - after the City is building him an entertainment Center at no cost to him, renting out his high rise new building to house civic employees, a share of the lucrative contract between NHL and Rogers with additional revenue from Naming rights for Rogers Centre and an additional Regional television contract with Rogers...and the on-ice product has been barely watchable.

The owners and the players keep earning more and more and prices keep gettinh jacked up.

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#7 dotfras
March 03 2015, 02:04PM
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I can't even begin to fathom having a billion dollars.

Sure would be fun though. Wish one of those dudes was my grandpa.

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#8 slapshot444
March 03 2015, 02:23PM
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@bigdog

not correct,, no one has yet asked for tax dollars. They might ask for some land from the city but the assumption that the Flames owners are asking for tax dollars is erroneous. Stop making stuff up.

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#9 bigdog
March 03 2015, 03:17PM
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slapshot444 wrote:

not correct,, no one has yet asked for tax dollars. They might ask for some land from the city but the assumption that the Flames owners are asking for tax dollars is erroneous. Stop making stuff up.

don't be naive, you use the term YET ...lol Doesn't land have a numerical value ?

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#10 MontanaMan
March 03 2015, 07:18PM
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bigdog wrote:

don't be naive, you use the term YET ...lol Doesn't land have a numerical value ?

Yes land has a numerical value as does the hockey club and the impact on the city they play in. A hockey team has a major impact on the city over 42 plus home games. It's a business and a negotiation. The city needs the team and the team needs the city. If it costs the city some land and potential tax breaks, the upside will far outweigh the losses. It can be a mutually agreeable situation where the taxpayer doesn't get hit hard. Calgary without a professional hockey team is unthinkable.

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#11 BurningSensation
March 03 2015, 08:05PM
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MontanaMan wrote:

Yes land has a numerical value as does the hockey club and the impact on the city they play in. A hockey team has a major impact on the city over 42 plus home games. It's a business and a negotiation. The city needs the team and the team needs the city. If it costs the city some land and potential tax breaks, the upside will far outweigh the losses. It can be a mutually agreeable situation where the taxpayer doesn't get hit hard. Calgary without a professional hockey team is unthinkable.

There is exactly zero evidence that a sports team contributes anything in the way of economic activity to a city.

In most cases they are a net drain as they extort tax breaks, sweet heart loans, land concessions, operating costs, etc. from the municipality.

They want a new arena? Build one.

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#12 RKD
March 03 2015, 09:18PM
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Need to get into the oil and gas industry!

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#13 slapshot444
March 04 2015, 08:56AM
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@BurningSensation

You might want to do just the slightest bit of research before you make assertions. The Flames foundation generates millions for local charity. Many millions. The ticket tax and parking fees for events at the dome generate millions for the city of Calgary and the Stampede board. The province of Alberta has received millions in tax for the beer and liquor sold at the dome for the events that take place there. Hotels, restaurants and local merchants close to the dome make extra sales in NHL season, as well as for concert nights. The spin offs go a few layers deep and everyone profits. This is not Arizona if you hadn't noticed, it's Calgary where the Flames figure in a big way to the local economy.

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