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Edmonton Investors Group
The Edmonton Investors Group Limited Partnership (EIGLP) was the limited partnership that owned the Edmonton Oilers of the National Hockey League and the Edmonton Oil Kings of the Western Hockey League. With more than thirty individual shareholders, EIGLP was the largest ownership group in the NHL. Among the four North American major sports leagues, only the Green Bay Packers have a larger ownership group. The EIG were the key players for keeping the Edmonton Oilers in Edmonton, Alberta, Canada long term by purchasing the team from then-owner Peter Pocklington for 107 million ($ in Canadian dollars) and preventing the team from being moved by being purchased for US$90 million ($ in American dollars) or C$127 million ($ in Canadian dollars). History Pre-Edmonton Investors Group In the mid-1990s, Edmonton Oilers owner Peter Pocklington was in a precarious financial situation. Pocklington's main creditor, the Alberta Treasury Branches, were demanding repayment of millions of doll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Partnership
A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edmonton Capital Region
The Edmonton Metropolitan Region (EMR), also commonly referred to as Greater Edmonton or Metro Edmonton, is a conglomeration of municipalities centred on Alberta's provincial capital of Edmonton. The EMR's commonly known boundaries are coincident with those of the Edmonton census metropolitan area (CMA) as delineated by Statistics Canada. However, its boundaries are defined differently for Edmonton Metropolitan Region Board administrative purposes. The EMR is considered a major gateway to northern Alberta and the Canadian North, particularly for many companies, including airlines and oil/natural gas exploration. Located within central Alberta and at the northern end of the Calgary–Edmonton Corridor, the EMR is the northernmost metropolitan area in Canada. Edmonton CMA The Edmonton CMA includes the following 35 census subdivisions (municipalities or municipality equivalents): *six cities (Beaumont, Edmonton, Fort Saskatchewan, Leduc, St. Albert, and Spruce Grove); *one spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oilpatch
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calgary Flames
The Calgary Flames are a professional ice hockey team based in Calgary. The Flames compete in the National Hockey League (NHL) as a member of the Pacific Division (NHL), Pacific Division in the Western Conference (NHL), Western Conference, and are the third major professional ice hockey team to represent the city of Calgary, following the Calgary Tigers (1921–1927) and Calgary Cowboys (1975–1977). The Flames are one of two NHL franchises based in Alberta, the other being the Edmonton Oilers. The cities' proximity has led to a rivalry known as the "Battle of Alberta". The team was founded in 1972–73 NHL season, 1972 in Atlanta as the Atlanta Flames before Relocation of professional sports teams, relocating to Calgary in 1980–81 NHL season, 1980. The Flames played their first three seasons in Calgary at the Stampede Corral before moving into the Scotiabank Saddledome (originally the Olympic Saddledome) in 1983–84 Calgary Flames season, 1983. In 1985–86 Calgary Flames ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Don Getty
Donald Ross Getty (August 30, 1933 – February 26, 2016) was a Canadian politician who served as the 11th premier of Alberta between 1985 and 1992. A member of the Progressive Conservatives, he served as Energy Minister and Federal and Intergovernmental Affairs Minister in the government of Peter Lougheed before leaving politics for the private sector in 1979. He returned to politics six years later to contest the leadership contest resulting from Lougheed's retirement. He defeated two other candidates, and became Premier November 1, 1985. As Premier, Getty was faced with an economic slowdown and falling energy prices, which hit Alberta's petroleum-dominated economy hard. Faced with mounting government deficits and increasing unemployment, he cut social spending and intervened with government money to prevent businesses from failing. Several of these interventions backfired in high-profile fashion, failing at their intended objective and costing scarce public funds as well. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scandal
A scandal can be broadly defined as the strong social reactions of outrage, anger, or surprise, when accusations or rumours circulate or appear for some reason, regarding a person or persons who are perceived to have transgressed in some way. These reactions are usually noisy and may be conflicting, and they often have negative effects on the status and credibility of the person(s) or organisation involved. Society is scandalised when it becomes aware of breaches of moral norms or legal requirements, often when these have remained undiscovered or been concealed for some time. Such breaches have typically erupted from greed, lust or the abuse of power. Scandals may be regarded as political, sexual, moral, literary or artistic but often spread from one realm into another. The basis of a scandal may be factual or false, or a combination of both. In contemporary times, exposure of a scandalous situation is often made by mass media. Contemporary media has the capacity to sprea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralph Klein
Ralph Philip Klein (November 1, 1942 – March 29, 2013) was a Canadian politician and journalist who served as the 12th premier of Alberta and leader of the Progressive Conservative Association of Alberta from 1992 until his retirement in 2006. Klein also served as the 32nd mayor of Calgary from 1980 to 1989. Ralph was born and mostly grew up in Calgary, Alberta. After dropping out of High School in grade 11, Klein joined the Royal Canadian Air Force reserves for one year and then attended the Calgary Business College. Klein later worked as a teacher and principal at the Calgary Business College, and later public relations with non-profits. After that, Klein became a prominent local journalist in Calgary where he reported on the challenges of the working class, social outcasts and First Nations, endearing himself to those groups. In 1980, Klein turned his attention to politics and as an underdog was elected Mayor of Calgary, where he oversaw the boom and bust of the oil indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta Premier
The premier of Alberta is the first minister for the Provinces and territories of Canada, Canadian province of Alberta, and the province's head of government. The current premier is Danielle Smith, leader of the United Conservative Party, who was Oath of office, sworn in on October 11, 2022. The premier of the province deals with specific areas relating to Alberta and Alberta's relation on the national scene. The premier acts as a representative for the Legislative Assembly of Alberta and the Members of the Legislative Assembly (MLA) are in turn the representatives of the people of Alberta. Duties and functions To be effective, accountable and in line with custom, the premier is expected to hold a seat in the legislature, so the premier serves as the MLA for a Electoral district (Canada), riding and is elected as MLA by the constituents of that constituency. As with most government leaders in a parliamentary system, the premier usually wins his or her own election as MLA easily. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta Government
The Executive Council of Alberta (the Cabinet) is a body of ministers of the Crown in right of Alberta, who along with the lieutenant governor, exercises the powers of the Government of Alberta. Ministers are selected by the premier and typically (but not always) sit as a member of the Legislative Assembly (MLA). It is the provincial equivalent to the federal Cabinet of Canada. Honourifics Executive councillors are styled "the Honourable". A change was made to the protocol in 2022 and former members who were living on February 6, 2022 (the Platinum Jubilee of Elizabeth II) are now honorary members of the council and are styled "the Honourable" for life (unless removed from membership for an indictable offence). Members and honorary members use the post-nominal letters "ECA". Role The executive powers in the province lie with the lieutenant governor and are exercised on the advice of the premier of Alberta and Executive Council of Alberta. The lieutenant governor is restricted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crown Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edmonton Coliseum
Northlands Coliseum is a now-unused indoor arena located in Edmonton, Alberta, situated on the north side of Northlands. It was used for sports events and concerts, and was home to the Edmonton Oilers of the World Hockey Association (WHA) and National Hockey League (NHL), and the Edmonton Oil Kings of the Western Hockey League (WHL). The arena opened in 1974, and was later known as Edmonton Coliseum, Skyreach Centre, and Rexall Place, before returning to the Northlands Coliseum name in summer 2016. The arena hosted the 1981 and 1984 Canada Cup hockey tournaments, the 1978 Commonwealth Games, seven Stanley Cup finals (Oilers losses in 1983 and 2006, and Oilers victories in 1984, 1985, 1987, 1988, and 1990), many other hockey events, along with other sporting events and major concerts. The final NHL game played at the arena was on April 6, 2016. The building closed on New Year's Day 2018, after ownership of the facility was transferred from Northlands to the City of Edmonton. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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