CFL reaches agreement to sell Montreal Alouettes

CFL reportedly set to announce sale of Montreal Alouettes on Friday

The CFL has reached an agreement to sell the Montreal Alouettes, according to a source.

The source spoke on the condition of anonymity as the CFL hasn’t announced the deal but will do so Friday at a news conference in Montreal. The move comes after the CFL reportedly entered into exclusive negotiations with Quebecor Inc. regarding ownership of the franchise. Quebecor Inc.’s president/chief executive officer is Pierre Karl Peladeau, a Montreal businessman who has a reported net worth of US$1.9 billion.

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