The tweet also mentioned that three of the owners who are part of the partnership are getting older in age especially Alvin Libin who is 93 years old. It's likely they're deciding to cash out their portion of ownership and get out of the business altogether well looking to the future of the organization as the team is preparing to build a new arena.
Selling between 15 and 30% of the stake in the team still gives the majority owner control as the organization charts its new path. On the ice, there has been a staggering amount of loss in terms of players wanting to leave the team to find better opportunities.
This exodus began when Matthew Tkachuk announced he had no interest in signing with the Flames long term along with Johnny Gaudreau who chose to sign with the Columbus Blue Jackets as an unrestricted free agent. Ever since this began, general manager Craig Conroy has had to make decisions on how to trade his stars to regain any form of value as they look to continue the reconstruction.
