AltaCorp Capital founder, oil and gas financier George Gosbee dies suddenly

CALGARY — Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday.

Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizona Coyotes and restructure the team. Current team owner Andrew Barroway tweeted he was “deeply saddened” by the news.

Gosbee, 48, founded AltaCorp Capital in 2010 and struck a deal to partner it with ATB Financial, an Alberta government-owned lender.

In 2000, he helped found Tristone Capital Global Inc., an energy investment firm which he and his partners sold in 2009 to Australia’s Macquarie Group for about $130 million.

Gosbee served as vice-chairman of Alberta Investment Management Co., which manages $90 billion in provincial government pension funds, for eight years.

AltaCorp says president Paul Sarachman will assume the role of CEO.

Just Posted

WATCH: Property taxes in Red Deer will go up 2.02 per cent in 2018

City council passes a “tough” budget that maintains most service levels

Red Deer councillor balks at city getting stuck with more funding responsibilities

Volunteer Central seeks municipal funding after being cut off by government

Olds chicken barn burns to the ground, no livestock harmed

More than 100,000 chickens were saved as fire crews prevent the blaze from spreading

Bear video meant to promote conservation: zoo owner

Discovery Wildlife Park says it will look at other ways to promote its conservation message

Red Deer’s Soundhouse closing its doors on Record Store Day

The owners of The Soundhouse want to shut down their store on… Continue reading

NorAm Western Canadian Cross Country Ski Championships begin in Red Deer

The biggest cross-country skiing competition in Red Deer’s history is underway. Nearly… Continue reading

In photos: Get ready for Western Canadian Championships

Haywood NorAm Western Canadian Championships and Peavey Mart Alberta Cup 5/6 start… Continue reading

WATCH: Red Deer city council debates cost-savings versus quality of life

Majority of councillors decide certain services are worth preserving

Got milk? Highway reopened near Millet

A southbound truck hauling milk and cartons collided with a bridge

Stettler’s newest residents overcame fear, bloodshed to come here

Daniel Kwizera, Diane Mukasine and kids now permanent residents

Giddy up: Red Deer to host Canadian Finals Rodeo in 2018

The CFR is expected to bring $20-30 million annually to Red Deer and region

Ice dancers Virtue and Moir to carry flag at Pyeongchang Olympics

Not since Kurt Browning at the 1994 Lillehammer Games has a figure… Continue reading

Beer Canada calls on feds to axe increasing beer tax as consumption trends down

OTTAWA — A trade association for Canada’s beer industry wants the federal… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month