Billionaire Flames co-owner Clay Riddell dead at 81

Calgary Flames logo
Calgary Flames logo (Getty Images)

Calgary Flames co-owner and billionaire energy titan and philanthropist Clay Riddell has died, the Calgary Sports and Entertainment Corporation confirmed Sunday.

He was 81.

Riddell joined the Flames ownership group for the 2003-2004 season, according to the team, which added that he came aboard during a “critical time for the Flames,” with a passion for the team and for the love of sport.

“We mourn the passing of a great man of industry, sports, philanthropy and human decency along with our city, province and country,” Flames CEO Ken King said in a statement from the team.

NHL commissioner Gary Bettman offered condolences, adding: “Clay’s passion for his city and beloved Flames will be deeply missed.”

Calgary mayor Naheed Nenshi posted condolences on social media Sunday (via globalnews.ca), saying, “Clay was a titan of our community — in industry, philanthropy, sport, and education. Calgarians feel his legacy now, and we will feel it for many years to come.”

According to Forbes, Riddell was worth an estimated $1.1 billion in 2018, down from a peak of $3.3 billion in 2014.