Pierre-Karl Peladeau is the new owner of the Montreal Alouettes

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Pierre-Karl Peladeau is the new owner of the Montreal Alouettes
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Pierre Karl Peladeau is the new owner of the Montreal Alouettes. The Montreal businessman was unveiled as the franchise owner by the CFL at a news conference this morning at Olympic Stadium.

The Montreal business was unveiled as the franchise owner by the CFL at a news conference Friday morning at Olympic Stadium.

Peladeau, the president/chief executive officer of Quebecor Inc., has a reported net worth of US$1.9 billion.The move comes just over a week after the CFL entered into an exclusive negotiation with Peladeau regarding ownership of the franchise.Cecchini and Park Lane, the CFL's investment banking partner, helped facilitate the search for a franchise owner.

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