A CFL source requesting anonymity said the former owner of Thompson Brothers Construction, will become the franchise’s new owner.
The source spoke on the condition of anonymity because neither the CFL nor the Elks have publicly confirmed the sale.
With Thompson taking over, the CFL now has just two community-owned franchises — the Saskatchewan Roughriders and Winnipeg Blue Bombers.Edmonton Elks private ownership search down to shortlist The team, which has been community-owned since it was founded in 1949, reported a $3.3 million deficit in 2022 and was looking for private investment to stabilize its future.“We are going to need a capital investment on the club going forward, because it’s going to take us a couple of years to get out of these losses we’ve been accumulating on an annual basis,” Rick LeLacheur, the team’s interim president and CEO, said at the time.
“But it’s a great community for sports, it’s a great community for football and I think there’s going to be a fair amount of interest whether it’s a group or an individual,” he said. Last month, the team fired head coach and general manager Chris Jones following a 0-5 start. The club had a record of 8-33 over two-plus seasons during Jones’s second tenure with the team, including two seasons without a win at Commonwealth Stadium as part of a record 22-game home losing streak.
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