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nivek_wahs
03-16-2006, 01:13 AM
from tsn.ca

Glieberman could cut off Renegades

TSN.ca Staff with Ottawa Citizen files

3/15/2006 6:36:57 PM

The Renegades' 2006 CFL season may be in doubt as the Ottawa Citizen reports that owner Bernie Glieberman could pull the plug on his financial support of the team.

The paper adds that the fate of the team will be determined during a high-level meeting in Toronto next week.

According to the Citizen, Glieberman has been deliberating over his continued financial support of a team that is losing money and no longer includes his son Lonie on the staff.

Lonie Glieberman resigned from running the day-to-day operations of the team less than a year into his second stint in the job. He is keeping the President's title, but in name only.

The paper also says Bernie Glieberman is wondering whether minority owner Bill Smith is prepared to fund his share of losses this season after Glieberman assumed the team's entire $3.8-million shortfall in 2005.

The parties will have to decide how to divvy up losses expected to reach at least $5 million in 2006, according to the Citizen.

With four straight seasons without a playoff berth, the team's season ticket base is down to 2,000 subscribers. The club ranked last in the CFL in average attendance last season at 18,490 per game.

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I was shocked to hear that they only had 2000 season ticket holders... thats not good business.

The_Vulk
03-16-2006, 06:29 PM
Hopefully, instead of 'folding', they can find someone to purchase the team from them.

The CFL, like the CHL, is a Canadian Tradition.