Across the seven Canadian NHL teams, few individuals can match the wealth of Calgary Flames owner N. Murray Edwards, one of the richest NHL owners.
A lawyer who then became an oil magnate, Edwards purchased a minority stake in the Flames in 1994.
Ever since, the local multi-billionaire has helped steward the Flames through eras with some of their greatest Stanley Cup odds since their lone 1989 Stanley Cup, though they’ve yet to capture an elusive second trophy.
How Much Is Murray Edwards Worth?
According to the Forbes Real-Time Billionaires list, N. Murray Edwards is estimated to be worth $4.4 billion in the U.S. and approximately $5.8 billion in Canada.
How Much Did Norman Murray Edwards Pay For the Calgary Flames?
Murray Edwards joined the leadership group of the Calgary Flames back in 1994 as part of Calgary Flames Limited Partnership (CFLP), the franchise’s parent company.
Initially, Edwards joined the Flames as a minority owner, though no specifics on the price or equity stake at the time are publicly available.
By 2012, Edwards had become the chairman and part-owner of Calgary Sports and Entertainment (CSEC), which replaced CFLP.
How Did Murray Edwards Make His Money?
Murray Edwards primarily built his net worth through the Canadian energy sector, with a primary focus on the Alberta oil sands in his home province.
Most prominently, Edwards is the founder and chairman of Canadian Natural Resources Limited, with stakes also in Ensign Energy, which ranks among Canada’s largest oil services companies.
In addition, Edwards also owns a host of resorts in the Canadian Rockies, with each of these ventures compounding his wealth with his ownership of CSEC, which owns the Flames, their AHL affiliate, the Calgary Wranglers, the NLL’s Calgary Roughnecks, the WHL’s Calgary Hitmen, and the CFL’s Calgary Stampeders.
What Companies Does N. Murray Edwards Own?
Outside of the Calgary Flames’ parent company, CSEC, Edwards owns stakes in severalenergy companies, including Canadian Natural Resources Limited, Ensign Energy, and Imperial Metals Corporation.
Other sectors with significant investment from N. Murray Edwards include hospitality (Resorts of the Canadian Rockies) and aerospace (Magellan Aerospace Corporation).
Who Is the Majority Owner of the Calgary Flames?
Murray Edwards is considered the primary owner of the Calgary Flames, with the rest of the ownership group consisting of Alvin G. Libin, Allan Markin, and Jeffrey J. McCaig.
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