The Flames have confirmed the purchased Calgary's professional lacrosse team.
The purchase of the National Lacrosse League's Calgary Roughnecks was announced Tuesday during a press conference at the Scotiabank Saddledome.
"The Roughnecks provide great entertainment to the city of Calgary and we are confident we can continue the great tradition of fielding championship quality teams for many years to come," said Flames president and CEO Ken King in a statement.
The full details of the deal are not yet available, but Mike Board, a former lacrosse player and ex-writer for the Calgary Herald, was named general manager.
Brad Banister, former owner and general manager of the Roughnecks, will not have a direct role in the new structure but will stay on during the transition period.
The Roughnecks, a team that clinched the league's Champions Cup in 2004 and 2009, were put up for sale by Banister earlier this year.
In February, he said the franchise was in dire straits, surviving only on revenue from advertising and ticket sales, and needed the support of the city and local companies.
The Roughnecks started in Calgary in 2001 as an expansion franchise.