Cal Nichols

Photo: LaForgeLoweNichols.jpg : Mack Male derivative work: Connormah — CC BY-SA 2.0Source

Cal Nichols

businessperson

Born
April 25, 1942 · Paradise Hill
Died
September 12, 2026
Age
84 years
Nationality
United States

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About Cal Nichols

Cal Nichols, 84, Canadian businessman, chairman of the Edmonton Investors Group (2000–2007).

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60 Seconds Life Story

When Edmonton risked losing its NHL franchise, businessman Cal Nichols stepped up to save it.

60 Seconds Life Story

Cal Nichols

1942 – 2026

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60 Seconds: Cal Nichols's Life Story

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How Canadian businessman Cal Nichols led the community drive and investment group that kept the Oilers in Edmonton.

Transcript

When Edmonton risked losing its NHL franchise, businessman Cal Nichols stepped up to save it. Born in Paradise Hill, Saskatchewan in 1942, he began in business at nineteen running an Esso station. After moving to Edmonton, Nichols built major energy enterprises, including Northridge Canada and Gasland Oil. In 1996, with the Edmonton Oilers facing relocation, he co-chaired a critical drive to sell thirteen thousand season tickets. Nichols then organized local investors to raise sixty million dollars, forming the Edmonton Investors Group to purchase the franchise. Serving as chairman from 2000 to 2007, he fought steadfastly to ensure the Oilers remained in Edmonton. Later appointed to the Order of Canada, Nichols passed away in 2026 at age eighty-four, celebrated for protecting his city's team.

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Visual credits: UniverseUnique / Pixabay (Pixabay Content License) · LaForgeLoweNichols.jpg : Mack Male derivative work: Connormah (CC BY-SA 2.0) · Flickr (CC BY-SA 2.0) · Generated illustration by The Deaths Archive (Generated illustration, not a photograph) · Flickr: IMG_6486 (CC BY-SA 2.0) · Own work (FAL)

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Full Biography

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Calvin Manford Nichols (April 25, 1942 – September 12, 2026) was a Canadian businessman who spearheaded the group which would later become the Edmonton Investors Group (EIG) which owned the National Hockey League's Edmonton Oilers.

Life and career

Born in Paradise Hill, Saskatchewan on April 25, 1942, Nichols started his business career in 1962 as a 19-year-old when his father cosigned papers for him to take over a rundown St Walburg, Saskatchewan Esso station. He worked hard to win the local farmers' custom, became involved in the local community playing sports, and was elected Councillor at 23. He married Edna, a St Walburg girl and after 7 years in 1969, they moved to Edmonton.

Over the next 13 years, he pursued various business and career opportunities. He was the commission bulk agent for Esso in Edmonton from 1972 through 1981 and served as Chairman of the Esso Agents Prairie Region Advisory Board. During his tenure, this became the largest Esso Agency in Canada. In 1983, anticipating the de-regulation of the crude oil and natural gas markets, Nichols and two associates founded Northridge Canada Inc. which became Canada's largest privately held crude oil and natural gas trading company. Northridge was ultimately sold to TransCanada Pipelines. In 1985, he created Gasland Oil, with its head office in Edmonton. Gasland grew to have over 50 branded petroleum outlets in Western Canada, many with convenience stores and other customer facilities. He sold substantially all of Gasland's petroleum marketing business in 1996 to Husky Energy but retained Gasland Properties Ltd., he has therefore shifted his focus to developing that company's various holdings. As of 2021[update] it owned 16 retail properties in Alberta, including gas stations, liquor stores, and cannabis shops.

In May 2002, he was inducted into the Alberta Business Hall of Fame. He was awarded the Queen Elizabeth II Golden Jubilee Medal, created in 2002 and awarded to persons who had made outstanding contributions to both their community and to Canada.

In the 2015 Canadian honours, he was appointed a Member of the Order of Canada (CM) "for his contributions to the business and civic sectors in Edmonton, notably as a supporter of a wide variety of community causes."

Nichols summed up his own life view as reciprocity:

"I believe in being rewarded for superior effort, harder work, ... you should benefit from that, but in the process of benefiting, you should never forget where you came from, and how can I use my good fortune to help those who are less fortunate. I think it’s about living life in balance."

Nichols died on September 12, 2026, at the age of 84.

Edmonton Investors Group (EIG)

Nichols had played hockey and was a season-ticket holder of the Oilers hockey team in Edmonton. The Oilers were owned by Peter Pocklington, whose decisions regarding the team had disillusioned fans including a threat to move the team to the United States. In 1994, in return for taxpayer funds being used to refurbish the home ground, Pocklington had agreed that local buyers would be given the right to purchase the team for cnd$100 before he could sell it to an American buyer. The Oilers were in financial difficulties but could receive league assistance if they could sell 13,000 season tickets and 90 percent of corporate boxes. In 1996, Nichols co-chaired the Friends of the Oilers (FOTO) ticket drive campaign, and mainly through his efforts the 13,000 season tickets deadline was reached. In 1997, when the franchise was put up for sale, he spearheaded the bid from a local ownership group EIG made up of 37/38 investors by co-ordinating raising the $60 million in equity required to purchase the team. His motivation for this was to see the team keep Edmonton as a "Major League City." He started his tenure as chairman of the EIG board in March 2000.

The Oilers became financially successful with Forbes valuing the club at US$146 million. The success of the Oilers brought a US$145 million offer from local billionaire Daryl Katz for the franchise, although Nichols subsequently said the team was not for sale. Katz upped the offer to US$150 million, but was turned down again.

On August 7, Katz made a third offer for the team of US$170 million. Nichols said the attempts to buy the team have caused "collateral damage" and he hoped the outright refusal brings closure to a vocal debate that has divided the group and the wider community since Katz's first offer. Nichols was quoted as saying "This is not about dollars. This is about Edmonton. An ownership group is best-suited for Edmonton and the Oilers."

On December 13, 2007, Katz submitted a fourth formal offer to EIG to buy the franchise. The offer was $188 million to the EIG shareholders, plus another $100 million towards the building of a new arena in downtown Edmonton. The offer was accepted and Nichols resigned as chairman of the board of directors for the EIG in December 2007. and the 34 members of the EIG were paid out . Katz acknowledged the role of Nichols in the Oilers success, "If it wasn’t for Cal, the Oilers wouldn’t be in Edmonton."

Alberta Enterprise Group

In 2007 Nichols banded together with a group of businessmen to form the Alberta Enterprise Group. Their purpose was to connect business leaders with Alberta policymakers and the public for the benefit of all stakeholders. Nichols was chairman and in November 2011 a new chairman and Board were elected and he became Chairman Emeritus, an honorary title. He was thanked for "... his vision and leadership in helping to create this organization."

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Sources

Trivia & Knowledge· 16 questions

Questions drawn from Cal Nichols's archived record and the sources above.

  1. 1.What was the amount of the final offer submitted by Daryl Katz to buy the Edmonton Oilers in 2007?

    • A.US$170 million
    • B.$288 million
    • C.US$146 million
    • D.$188 millioncorrect

    On December 13, 2007, Daryl Katz submitted a $188 million offer plus $100 million toward a new arena, which was accepted.

    Source: Edmonton Investors Group (EIG) section

  2. 2.What was the purpose of the Alberta Enterprise Group formed by Calvin Manford Nichols in 2007?

    • A.To purchase the Edmonton Oilers franchise
    • B.To sell petroleum products in Western Canada
    • C.To provide financial support for local farmers
    • D.To connect business leaders with policymakerscorrect

    The Alberta Enterprise Group was formed to connect business leaders with Alberta policymakers and the public for the benefit of all stakeholders.

    Source: Alberta Enterprise Group section

  3. 3.What honorary title was Calvin Manford Nichols given by the Alberta Enterprise Group in 2011?

    • A.Chairman Emerituscorrect
    • B.Founder Emeritus
    • C.Life President
    • D.Honorary Governor

    After a new board was elected in 2011, Calvin Manford Nichols became Chairman Emeritus of the Alberta Enterprise Group.

    Source: Alberta Enterprise Group section

  4. 4.At what age was Calvin Manford Nichols elected as a local Councillor?

    • A.19
    • B.30
    • C.23correct
    • D.25

    During his time living in St Walburg as a young man, Calvin Manford Nichols was elected Councillor at the age of 23.

    Source: Life and career section

  5. 5.What did Calvin Manford Nichols cite as his life view in the biography?

    • A.Expansionism
    • B.Aggressive competition
    • C.Reciprocitycorrect
    • D.Political activism

    Calvin Manford Nichols summed up his own life view as reciprocity, emphasizing hard work and helping the less fortunate.

    Source: Life and career section

  6. 6.When did Calvin Manford Nichols pass away?

    • A.December 13, 2007
    • B.September 12, 2026correct
    • C.April 25, 2021
    • D.November 15, 2015

    Calvin Manford Nichols died on September 12, 2026, at the age of 84.

    Source: Life and career section

  7. 7.As of 2021, what types of retail properties did Gasland Properties Ltd. own?

    • A.Hotels and residential apartment complexes
    • B.Commercial office buildings and malls
    • C.Oil refineries and factories
    • D.Gas stations, liquor stores, and cannabis shopscorrect

    As of 2021, Gasland Properties Ltd. owned 16 retail properties in Alberta, including gas stations, liquor stores, and cannabis shops.

    Source: Life and career section

  8. 8.Where was Calvin Manford Nichols born?

    • A.Paradise Hill, Saskatchewancorrect
    • B.St Walburg, Saskatchewan
    • C.Edmonton, Alberta
    • D.Toronto, Ontario

    The biography states that Calvin Manford Nichols was born in Paradise Hill, Saskatchewan on April 25, 1942.

    Source: Life and career section

  9. 9.What was the first business venture Calvin Manford Nichols took over in 1962?

    • A.An Esso station in St Walburgcorrect
    • B.A gasoline refinery in Saskatchewan
    • C.A liquor store in Edmonton
    • D.A convenience store in Paradise Hill

    In 1962, Calvin Manford Nichols took over a rundown Esso station in St Walburg, Saskatchewan, with his father cosigning the papers.

    Source: Life and career section

  10. 10.When did Calvin Manford Nichols and his wife move to Edmonton?

    • A.1996
    • B.1962
    • C.1983
    • D.1969correct

    Calvin Manford Nichols moved to Edmonton with his wife Edna in 1969 after spending 7 years in St Walburg.

    Source: Life and career section

  11. 11.What company did Calvin Manford Nichols found in 1983 anticipating market de-regulation?

    • A.Northridge Canada Inc.correct
    • B.Husky Energy
    • C.Edmonton Investors Group
    • D.Gasland Oil

    In 1983, Calvin Manford Nichols and two associates founded Northridge Canada Inc. to trade crude oil and natural gas.

    Source: Life and career section

  12. 12.What happened to the Gasland Oil petroleum marketing business in 1996?

    • A.It was sold to Husky Energycorrect
    • B.It was sold to the Edmonton Investors Group
    • C.It was liquidated due to bankruptcy
    • D.It was merged with TransCanada Pipelines

    Calvin Manford Nichols sold substantially all of Gasland's petroleum marketing business to Husky Energy in 1996.

    Source: Life and career section

  13. 13.Which award was Calvin Manford Nichols appointed to in 2015 for his contributions to Edmonton?

    • A.Alberta Business Hall of Fame induction
    • B.Queen Elizabeth II Golden Jubilee Medal
    • C.Chairman Emeritus of the Alberta Enterprise Group
    • D.Member of the Order of Canadacorrect

    In 2015, Calvin Manford Nichols was appointed a Member of the Order of Canada for his contributions to the business and civic sectors.

    Source: Life and career section

  14. 14.What was the primary goal of the Friends of the Oilers (FOTO) campaign in 1996?

    • A.To recruit new players for the roster
    • B.To build a new arena in downtown Edmonton
    • C.To purchase the team from Peter Pocklington
    • D.To meet the 13,000 season ticket deadlinecorrect

    Calvin Manford Nichols co-chaired the FOTO ticket drive to help the Oilers meet the 13,000 season ticket deadline to receive league assistance.

    Source: Edmonton Investors Group (EIG) section

  15. 15.How many investors were in the Edmonton Investors Group (EIG) that purchased the team in 1997?

    • A.38correct
    • B.34
    • C.37
    • D.50

    The EIG was made up of 38 investors who pooled $60 million in equity to purchase the Edmonton Oilers.

    Source: Edmonton Investors Group (EIG) section

  16. 16.When did Calvin Manford Nichols start his tenure as chairman of the EIG board?

    • A.November 2011
    • B.March 2000correct
    • C.December 2007
    • D.August 1997

    Calvin Manford Nichols began serving as the chairman of the EIG board in March 2000.

    Source: Edmonton Investors Group (EIG) section

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