Clayton Riddell, co-owner of Flames and founder of Paramount Resources, dies at 81
CALGARY — Clay Riddell, billionaire businessman and co-owner of the Calgary Flames, has died. He was 81.
The Flames confirmed his death in a statement on Sunday.
“We mourn the passing of a great man of industry, sports, philanthropy and human decency along with our city, province and country. His legacies to all of us are immeasurable. To his family our gratitude, respect and deepest sympathy,” said Flames vice chairman and CEO Ken King.
Riddell joined Flames ownership in 2003 after spending much of his life building oil and gas companies, including Paramount Resources.