It's denials all around, but there might be some movement on the bid for local ownership for the Calgary Stampeders. Michael Feterik apparently met with an undisclosed Calgarian, discussing terms of sale for the storied CFL franchise. The mystery bid, is the third expression of interest in the Stamps in the last month.
Despite the flurry of tire kickers, Feterik says he isn't in any hurry to sell. Which probably isn't good news for the long suffering Stampeder faithful, who watched a former perennial Grey Cup contender fall off the CFL radarscope last year. Feterik has even gone so far as to say that, he may even take on investors from the US, which would probably not be beneficial to the long term success of the Stamps.
Since Feterik took over the fortunes of the F troop, they've lost a fortune. Over 700,000 dollars last year. Feterik has also forced out many popular football people from the Stampeder family over the last couple of years, including former coach, GM and beloved Calgary citizen Wally Buono. He also found himself involved in controversy when it was generally believed he insisted that his son Kevin, be placed higher up on the Stamps depth chart than he deserved.
Expected purchase price is to be 6.5 million dollars and if all goes well, the deal could close in as little as two weeks. Calgary football fans will be excused if they hold their breath until the deal is finalized.
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