Braley would like to sell Lions, Argos in next three years Staff

9/20/2013 10:38:30 AM

Current BC Lions and Toronto Argonauts owner David Braley told TSN's Dave Naylor he would like to sell at least one and maybe both of his teams in the next three years.

According to a report in the Hamilton Spectator, the 72-year-old Ontario Senator told supporters at a Progressive Conservative fundraiser in Hamilton that he will sell his two CFL franchises by the time he is 75.

Braley said he has seven people interested in buying the Lions and three people interested in the Argonauts. Selling the financially stable Lions will be easy but it could be a different story with the Argos, with the team still losing money.

Braley anticipates the Argos will eventually make money once a new stadium is secured for the franchise. He said three communities are looking at land for the new stadium and a location, as well as the finances to secure the new stadium, should be completed within a year.

Both the provincial and federal governments are expected to help finance a new stadium.

The Argos announced a new deal to keep the team playing at the Rogers Centre until 2017 with an early opt-out clause for the team should they want it. Both parties also agreed that no licence renewal past that date is contemplated.