Bettman: Flames’ financial situation ‘continues to deteriorate’

NHL commissioner Gary Bettman says there’s been no new talks with Flames ownership, because they’re no longer pursuing a new arena, and the organization's financial situation has been deteriorating for several years.

CALGARY — NHL commissioner Gary Bettman says the Calgary Flames‘ financial situation “continues to deteriorate” as the team continues to operate out of the aging Scotiabank Saddledome but maintained his position that he doesn’t foresee the situation changing soon.

Bettman spoke to reporters in Calgary on Friday as part of his Western Canadian tour. He said he wasn’t there to make threats, yet he painted a bleak picture of the Flames’ financial future if it continues to operate out of the NHL’s oldest building.

Bettman said the Flames used to contribute to the NHL’s revenue-sharing program, but have become increasingly reliant on it of late.

He said if the current situation continues it could affect the Flames’ competitiveness and financial stability.

“This used to be a top-10 team, Calgary is one of our great markets, but again the building’s the issue,” Bettman said.

Calgary Mayor Naheed Nenshi has said the Flames’ proposal for a $500-million arena places a heavy tax burden on the city, but the Flames say the city’s plan would ultimately see the team foot the entire cost of construction.

“There’s nothing else I can tell you, this building is the oldest building in the league and there’s no prospect of it being replaced,” Bettman said.

When submitting content, please abide by our submission guidelines, and avoid posting profanity, personal attacks or harassment. Should you violate our submissions guidelines, we reserve the right to remove your comments and block your account. Sportsnet reserves the right to close a story’s comment section at any time.