There has been plenty of speculation surrounding the potential sale of the Montreal Alouettes but the situation may be more dire than previously reported.
This Tweet from Montreal sports radio poersonality Stormin Norman casts the Alouettes’ financial situation in a whole new light.
https://twitter.com/Stormin1Norman/status/1111265657952178177
If what Stormin Norman says is true, then it means that the Alouettes’ creditors may be trying to squeeze whatever they can out of the franchise because they haven’t paid and don’t expect to be. It raises the possibility that the team could be approaching bankruptcy.
The Alouettes have denied it.
https://twitter.com/RSnicks18/status/1111293195105824769
The Canadian Press’ Dan Ralph reported last weekend that the league could assume ownership of the Alouettes while it looks to find a new buyer for the franchise.
Robert Wetenhall has owned the team since 1997 when he brought the team back from the brink of insolvency. He was responsible for the team’s successful relocation to Percival Molson Stadium and eventually expansion while overseeing the team’s run of dominance from 1999 to 2012 when the Als finished first in the East Division nine times in 14 seasons, winning three Grey Cups.
The team has fallen on hard times in recent years, missing the playoffs for four straight seasons, the longest streak in franchise history. The Alouettes have struggled at the gate as well as fans have tired of the perpetual on-field ineptitude.
