The homeowners of the Toronto Argonauts are followers of the CFL’s potential partnership with the XFL.
Maple Leaf Sports activities and Leisure formally bought the Argos in January 2018, mere months after the double blue pulled off a miracle Gray Cup win within the Snow Globe CFL title recreation within the nation’s capital.
“The losses have been substantial. Maple Leaf Sports activities and Leisure, it’s an organization that finally has mum or dad corporations which are shareholders, it’s about driving worth and making revenue,” TSN reporter Dave Naylor mentioned on TSN radio 1200 in Ottawa.
“That’s what they did in actual property, that’s what they do in hockey, that’s what they do in basketball, that’s what they do in soccer, they drive franchise values. That’s there enterprise, and their enterprise doesn’t line up proper now with the enterprise of the Toronto Argonauts.”
Enter the XFL, The Rock, Dany Garcia, and RedBird Capital. The owners from both leagues have agreed to work together to establish alternatives to innovate, collaborate and develop the sport of soccer.
“From the early days of the XFL-CFL story going public, I began listening to that the Toronto Argos had been very smitten by this concept, and had been among the many most bullish groups that wished to pursue it — perhaps the very most bullish,” Naylor mentioned.
“The opposite groups aren’t getting dragged alongside on this. They might have been pressured to this, to take a look at it and study it, however there may be broad assist throughout the league for exploring this concept, seeing how far they’ll take it and what it quantities to. There’s no query the Toronto Argonauts are very a lot into this concept.”
The Rock has acknowledged he’s excited for the ‘distinctive alternative’ the CFL and XFL ‘can potentially create together.’ The newest incarnation of the XFL lasted simply 5 video games earlier than the COVID-19 pandemic put their season on hold, which led to Vince McMahon submitting for chapter and promoting.
Johnson, Garcia and RedBird Capital were selected as the winning bidders final August for all the belongings of Alpha Leisure LLC, the mum or dad firm of the XFL. It price $15 million and the aim is to make the XFL a steady league sooner or later, which may very well be an settlement with the CFL.
“I don’t know that MLSE would stroll away from the CFL if the XFL deal doesn’t occur, however would it not shock me? No, it will not,” Naylor mentioned.
“I believe there are situations the place you may have some dominoes drop in a short time if you happen to attempt to pursue the established order within the CFL with this enterprise mannequin. On the very least, it may very well be the way in which to maintain all 9 groups invested of their franchises.”
Bell Media and Larry Tanenbaum purchased the Argos from David Braley in Could 2015 after almost a 12 months of talks. Rogers didn’t become involved at the moment, with hypothesis that it was not within the franchise as a result of the CFL was tied to Bell, by way of its broadcast affiliate TSN.
“If what you are promoting mannequin for Toronto is that these guys will simply maintain paying the payments, each week, ceaselessly, when 12,000 to fifteen,000-thousand folks present up, that’s a really dangerous assumption in regards to the future,” Naylor mentioned.
“Within the backdrop has at all times been, however what about Toronto? That’s been the elephant within the room even throughout good occasions within the CFL. Till you actually solved that, the league’s potential was at all times going to be held again.”