The Atlanta Flames were a professional ice hockey team based in Atlanta, Georgia, USA from 1972 to 1980. In 1980, team owner Tom Cousins was in considerable financial difficulty and was forced to sell the Flames to stave off bankruptcy. With few serious offers from local groups, he was very receptive to an offer from a group of Calgary businessmen fronted by Canadian entrepreneur (and former Edmonton Oilers owner) Nelson Skalbania. A last-ditch effort to keep the team in Atlanta fell short, and Cousins sold the team to Skalbania for US$16 million, a record sale price for an NHL team at the time. Skalbania chose to retain the Flames name, feeling it would be a good fit for an oil town like Calgary, while the flaming “A” logo was replaced by a flaming “C”. Skalbania sold his interest in 1981, and the Flames have been locally owned since. The team was relocated to Calgary for the start of the 1980–81 NHL season and were officially renamed the Calgary Flames.