Joey Saputo begins sale of CF Montréal
The sale raises uncertainty about whether the club will stay in Montreal.
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What happened
CF Montréal chairman Joey Saputo announced on Monday that the Saputo family has launched a structured process to sell the MLS club, after more than three decades of family ownership. The family has hired two banks to handle the sale, which makes Montréal the third MLS franchise on the market alongside San Jose and Vancouver. Saputo said he would prefer to keep the team in Montreal but did not rule out relocation.
Why it matters
The sale raises uncertainty about whether the club will stay in Montreal. Saputo said he might have no choice but to let the club move if local offers are too low.
Timeline
- Nov 9, 5:11 PM ET: Saputo said he would prefer to keep the franchise in Montreal but might have no choice but to let it move if local offers are too low.
- Nov 10, 6:00 AM ET: Relocation speculation began immediately after the announcement, though some argue relocation is not inevitable.
Coverage
- Why are so many MLS franchises currently up for sale? (en.as.com)
- Yes, CF Montreal Is For Sale, But Relocation Is Not Inevitable (Yahoo Sports)
- MLS club CF Montreal is put up for sale, future in the city is uncertain (newsday.com)
- CF Montreal are for sale: What it means, how much it could cost, and what’s next for the MLS club (The Guardian)
- Montreal MLS Team Launches Sale Process (sportico.com)
- Joey Saputo initiates sales process for CF Montréal (mlssoccer.com)
- Longtime CF Montréal owner Joey Saputo is selling the club, doesn’t dismiss relocation: ‘It’s time to move on’ (Yahoo Sports)
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