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			<h1 class="npStoryTitle">Flames buy majority stake in the&nbsp;Stampeders</h1>
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				<span title="2012-03-29T23:02:04-0400">Mar 29, 2012 &#8211; 11:02 PM ET</span>
								<span> | <strong>Last Updated: Mar 30, 2012 8:48 AM ET</strong></span>
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<img width="620" height="465" src="http://nationalpostsports.files.wordpress.com/2012/03/stamps.jpg?w=620" class="attachment-single-post-thumbnail wp-post-image" alt="Stuart Gradon/Postmedia News" title="stThe Calgary Flames announced Thursday that they have assumed majority ownership of the Calgary Stampeders." />					<div class="npPhotoTxt">
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							<p class="npPhotoCaption">The Calgary Flames announced Thursday that they have assumed majority ownership of the Calgary Stampeders. 
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				<p><strong>By Kristen Odland</strong></p>
<p>CALGARY — The Calgary Flames Limited Partnership now has a major stake in every professional sports team in the city after Thursday’s announcement that they’ve assumed majority ownership of the Calgary Stampeders.</p>
<p>“I think we can really have some fun,” said president Ken King in a news conference at McMahon Stadium. “Now, with the addition of this, which will be our fifth team (including the Flames farm team, the Abbotsford Heat, the Western Hockey League’s Calgary Hitmen and the National Lacrosse League’s Calgary Roughnecks), it’s about the right size in order to get more things done.</p>
<p>“It’ll help the Flames too, it’ll help the Hitmen, it’ll help the lacrosse team. There is some cross-pollination in terms of marketing promotion and ticketing. But most importantly, it’ll benefit the fans.”</p>
<div class="npBlock npRuleMedium npRelated"><h4 class="npNoRule">Related</h4><ul class="npHeadlines"><li><p><a href="http://sports.nationalpost.com/2012/03/29/jovon-johnson-agrees-to-extension-with-blue-bombers/">Jovon Johnson agrees to extension with Blue Bombers</a></p></li><li><p><a href="http://sports.nationalpost.com/2012/03/23/riders-on-the-right-track-with-odell-willis-trade/">Riders on the right track with Odell Willis trade</a></p></li></ul></div>
<p>Stampeders president and chief operating officer Lyle Bauer agreed.</p>
<p>“It makes a lot of sense,” he said. “Our vision and plan for the future mirrors what the Flames are trying to do. Ken and I have had numerous conversations about the future. This is a tough business.</p>
<p>“The more you can divide in other assets, expertise, and other areas, it makes imminent sense.”</p>
<p>Previously, the Flames had a small ownership stake in the Stampeders, while the majority group was headed by John Forzani and Doug Mitchell. Terms of the sale were not released.</p>
<p>Forzani, the Stampeders chairman, officially handed over the ball on Thursday and called the move a positive step, adding the deal will offer more buying power and a better fan experience.</p>
<p>“Professional sports team have an inherent risk,” said Forzani, who will still maintain a stake. “Year after year, you’re under the gun. By turning over a majority interest to a professional sports management group — they’ll have five teams they are going to manage — it certainly takes the risk out of it.</p>
<p>“The Flames needed more than 50%. You can’t do that if they only own 10%.”</p>
<p>Also announced Thursday was a five-year contract extension of head coach and general manager John Hufnagel. His current contract was set to expire after the 2013 season.</p>
<p>“I’m appreciative,” he said at Thursday’s news conference. “Is this a vote of confidence? Yes it is.”</p>
<p>Hufnagel, who is entering his fifth season at the helm of the Stamps, had two years remaining on his previous contract that was set to expire after the 2013 season.</p>
<p>King said having the conversation with Hufnagel was one of their first orders of business.</p>
<p>“It ensures the long-term continuity of the operation of football team,” he said. “The entire ownership group has great respect for what John has accomplished during his four seasons leading the Stampeders.”</p>
<p>In all four seasons as head coach and GM, Hufnagel has led the Stamps to playoffs, joining former bosses Bobby Dobbs and Wally Buono in doing so. Last season, he coached the club to an 11-7 record and a berth in the West Division semi-final.</p>
<p>Currently, Hufnagel sits second on the Stampeders all-time coaching list with 47 wins.</p>
<p>Hufnagel led the Stampeders to a Grey Cup in his first year at the helm in 2008, the club’s sixth title in franchise history and was named coach of the year.</p>
<p>“We’re excited to be able to announce an agreement with John to a long-term extension,” said Lyle Bauer, president and chief executive officer of the Stampeders. “We are very fortunate to have him leading our football club for the next five seasons.</p>
<p>“This is a great day for the Calgary Stampeders organization and its fans.”</p>
<p>In the coming weeks, Hufnagel is preparing for the rookie camp in Florida, the CFL draft, and spring training camp.<br />
In other words, everything is status quo.</p>
<p>“Everything is the way it has been,” Hufnagel said. “I took this job four years ago with certain conditions and I believe those conditions are still there &#8230; we’re right now, business as usual.”</p>
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