CFL to Seek New Ownership for Ottawa Renegades
Published on March 22, 2006 under Canadian Football League (CFL) News Release
TORONTO, ON - March 22, 2006 - The Canadian Football League (CFL) announced today that it has reached an agreement with current Ottawa Renegades owners Bernie Glieberman and Bill Smith, to facilitate the orderly transfer of ownership of the franchise. Glieberman and Smith acknowledged the operational issues from the 2005 season and that a new approach was required to re-engage CFL fans in Ottawa-Gatineau. With the League, they came to the conclusion that this would be best achieved by new ownership and leadership.
CFL Commissioner, Tom Wright, confirmed that the League has begun the sale process and has struck a Committee of the Board to immediately seek and secure new ownership. "The CFL member clubs are fully committed and prepared to invest the time, energy and resources to finding the right ownership to ensure that the Ottawa franchise demonstrates the high standards of performance essential to membership in our League."
The Board is acutely aware of the urgency in determining the Renegades participation in the 2006 season. A special team from the League and member clubs is examining a series of operational issues that must be addressed prior to a decision in this area.
The Commissioner noted that the Board will meet in person or via teleconference on a regular basis to assess progress.
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