The move comes just over a week after the CFL entered into an exclusive negotiation with Péladeau regarding ownership of the franchise.
“Our goal in this process was to put the Alouettes on a path to long-term success, ideally under strong, local ownership,” said CFL commissioner Randy Ambrosie.
The CFL took over operation of the Alouettes last month, appointing former president Mario Cecchini as interim president. Cecchini and Park Lane, the CFL’s investment banking partner, helped facilitate the search for a franchise owner.Article content The CFL also assumed control of the Alouettes on May 31, 2019 from Robert and Andrew Wetenhall. The league sold the franchise to Ontario businessmen Sid Spiegel and Gary Stern, Spiegel’s son-in-law, in January 2020.
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