TSN football insider Dave Naylor reports that $30 million loan request by CFL has been rejected by the federal government.
The 2020 CFL season – which was to be played in a ‘bubble’ in Winnipeg – is looking less and less likely.
According to TSN football insider Dave Naylor, the federal government has rejected the CFL’s request for a $30 million loan, without which the CFL season is unlikely to proceed.
“Federal source says government has denied @CFL’s request for $30 million loan to be directed towards shortened 2020 season. It has committed to work with the league to see what role it can play in its viability beyond ‘20. CFL’s BOG could determine fate of season on Mon. #CFL”
Federal source says government has denied @CFL’s request for $30 million loan to be directed towards shortened 2020 season. It has committed to work with the league to see what role it can play in its viability beyond ‘20. CFL’s BOG could determine fate of season on Mon. #CFL
— Dave Naylor (@TSNDaveNaylor) August 17, 2020
Compared to other leagues, the CFL is disproportionately dependent on ticket revenue, with broadcast revenue and merchandise sales forming a smaller portion of CFL funds. As a result, the inability to have fans in the seats because of the CCP Virus has had a devastating impact on the league.
With that in mind, it is quite odd that – given all the money the Liberals have been splashing around the country – they wouldn’t give $30 million to the CFL.
Millions of Canadians love the CFL, and it is a key source of national pride and Patriotism. Perhaps that’s why the Liberals aren’t keen on helping the league.
Spencer Fernando
Photo – YouTube
