Canadian business titan and Calgary Flames co-owner Clay Riddell dies

Clay Riddell, a billionaire oil nobleman and co-owner of a Calgary Flames, has died during age 81.

Riddell founded mixed oil and gas companies during his career, including Paramount Resources in 1974. He was a boss and CEO until his son Jim took over a business in 2015.

His daughter is also an oil titan in her possess right: Susan Riddell Rose is CEO of Perpetual Energy.

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

“We are all devastated,” pronounced Ken King, vice-chair and CEO of Calgary Sports and Entertainment Corporation.

“It’s really formidable to magnitude a impact and change somebody like Clay has. His change and impact on this village and this range and this nation is infinite and his bequest will be equally immeasurable.”

Above all, King called Riddell a loyal friend.

“We usually kind of got any other,” he said. “To me, he was the epitome of piety and care of a top order. It’s not probable to demonstrate my unhappiness during his passing.”

Order of Canada for philanthropy

In 2006 Riddell was inducted into the Alberta Business Hall of Fame, and in 2008 he was named an officer of a Order of Canada for his proffer work and philanthropy.

Riddell donated a $10-million Cdn capacity to a University of Manitoba, his alma mater, to emanate a Faculty of Environment, Earth, and Resources. The propagandize has a grant in his name.

And in 2013 he and his family donated $15 million to a Alberta Children’s Hospital to create a children’s ongoing pain reconstruction centre in a name of his late wife, Vi, who worked during a sanatorium as a helper for 30 years.

The library during Mount Royal University is named after Riddell, who contributed to a construction.

In 2010, he was a founding believer of the Riddell Graduate Program in Political Management during Carleton University in Ottawa.

The students, alumni, faculty, and staff of a Clayton H. Riddell Graduate Program in Political Management are deeply saddened to hear of Mr. Riddell’s passing. We demonstrate a condolences to Mr. Riddell’s family. He was a inexhaustible male who will be missed.

mdash;@RiddellMPM

His impasse with a Flames began in 2003 when he assimilated a team’s tenure group.

“Clay was a lifelong fan…. He was a fan first, owners second, maybe even third or fourth. There isn’t anything he wouldn’t have finished and didn’t do to safeguard a confidence of this team…. That was Clay’s pushing force,” pronounced King.

“He said, ‘I’m going to do this since we adore this organisation and we need to make certain this organisation continues to thrive.’ His motivations were unusually pure.”

Riddell also invested in Calgary restaurants Bonterra, and a now-closed Catch and Wildwood Grill, according to a Alberta Business Hall of Fame.

Condolences go to a family of Clay Riddell, Chairman of a Shaw Charity Classic who upheld away. Clay played a heading purpose in bringing PGA TOUR Champions stars to Calgary 6 years ago with a idea of creation an impact on a lives of girl opposite Alberta. He’ll be missed. a href=”https://twitter.com/hashtag/RIP?src=hashamp;ref_src=twsrc%5Etfw”#RIP/a a href=”https://t.co/TLwWNZzUjV”pic.twitter.com/TLwWNZzUjV/a

mdash;@CTourGMac

“It is impossibly unhappy to learn of Clay Riddell’s passing. He was a titan of a village — in industry, philanthropy, education, and sport,” pronounced Calgary Mayor Naheed Nenshi in a statement.

“Calgarians feel his bequest now, and we will feel it for many years to come. My heart goes out to his family and friends in this formidable time. Know that we all weep with we today.” 

‘A hulk in a community’

Spruce Meadows comparison vice-president Ian Allison called Riddell “a hulk in a community.”

“Obviously by his impasse with things like a Calgary Flames tenure group, a Shaw Charity Classic, a hulk in a appetite business, though it was so most some-more than that in terms of what he and a Riddell family brought to a city of Calgary by their impasse in a community, their munificent causes and always with Clay it was in an understated way. 

“He was a still man, he prioritized zero above his family and he desired to be a partial of a community’s competition and recreation.”

Riddell was concerned in Spruce Meadows by sponsorship of events and his adore of equestrian sports.

“The Riddells lived in a M.D. of Foothills so they were neighbours of ours during Spruce Meadows,” he said. “It’s not a tip that they had a good passion for horses, not usually in equestrian sports though in racer racing, and we consider their tie to Spruce Meadows is each component of what a owner used to speak about, good friendship, good commerce and good sport.”

‘Pillar’ of a country

Former Alberta MLA and provincial treasurer Jim Dinning called Riddell a “pillar” of a nation and pronounced his passing leaves a vast hole for destiny generations to fill.

“When a man like Clay moves on, it reminds us how critical care is in a country, in a village and a province,” he said.

“It reminds us that there’s a blank and it reminds, generally immature people, that they need to step adult like Clay Riddell did to build a greater nation.”

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Article source: https://www.cbc.ca/news/canada/calgary/clay-riddell-passed-away-flames-owner-1.4825932?cmp=rss