"Flames' Potential Sale to Calgary Group Hits Snag: What's Next for the Franchise? In a shocking turn of events, the potential sale of the Calgary Flames to a local ownership group has hit a roadblock. According to reports, the deal between the team's current ownership and the group, led by Ken King and Greg Mayer, has stalled due to disagreements over the sale price. The proposed sale, which has been in the works for months, had been seen as a promising development for the team's future in Calgary. However, the latest setback has left fans and stakeholders wondering what's next for the franchise, and whether the team will remain in the city it has called home for over 40 years."