CFL leaning towards selling Alouettes to group involving Montreal businessman Stephen Bronfman

The sale of the Montreal Alouettes has taken another twist and turn.

Things have been quiet on the #AlsMTL front recently. But I'm not hearing the league is leaning towards selling to the Claridge group, meaning Stephen Bronfman would be involved in some capacity. And the league is willing to cap this season's deficit at $2-million

— Herb Zurkowsky (@HerbZurkowsky1) April 29, 2019

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According to Montreal Gazette reporter Herb Zurkowsky, the CFL is leaning towards selling the Als to the Claridge Group. Stephen Bronfman is the executive chairman of Claridge Inc. which is a company that represents the interests of the Bronfman family and is actively involved in the management of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate.

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. However, the Alouettes have struggled in recent years, missing the playoffs for four straight seasons, the longest streak in franchise history.

The league has reportedly assumed control of the Alouettes and is finding a new owner to transition from the Wetenhall’s and it could be the Bronfman’s.

3Down Staff