CFL prepares to unveil new owner of Montreal Alouettes at Olympic Stadium IG News

Finally, the Montreal Alouettes have a new owner.

The CFL will make a formal announcement Friday morning at a press conference at Olympic Stadium, but provided few details ahead of time.

CFL commissioner Randy Ambrosie will be there with the franchise’s new owner, who has not yet been revealed.

Quebecor Inc. regarding the ownership of the Alouettes by the league. The news comes about a week after we entered into exclusive talks with

The President and Chief Executive Officer of Quebecor Inc. is Pierre Carl Peladue, a Montreal businessman with a net worth of US$1.9 billion. The media mogul is also a former leader of the Parti Québécois.

Last month, the CFL took over ownership of the Alouettes. This marked the second time in nearly four years that the league took over the club.

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Ontario businessman Sid Spiegel and his son-in-law, Gary Stern, purchased the franchise in January 2020.

A little over a year later, Stern announced he was stepping away from day-to-day operations with the Alouettes and leaving his position on the CFL Board of Governors.

– With files from The Canadian Press

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