TORONTO — The end appears near in the ongoing Toronto Argonauts ownership saga.
For a second straight day, the Argos’ proposed sale to B.C. Lions owner David Braley wasn’t ratified by the CFL’s board of governors at meetings in West Palm Beach, Fla. Again, league officials said that because work continues on the transaction the matter couldn’t be presented to the governors for ratification.
But on Thursday, Argos co-owner David Cynamon told The Fan 590 — an all-sports radio station in Toronto — that by the end of the week the CFL club will either be sold to Braley or remain with Cynamon and co-owner Howard Sokolowski.
“But one thing we’re committed to is to make sure one way or the other it’s finalized this week,” Cynamon said.
Cynamon and Sokolowski have spent much of the off-season kicking around the idea of selling the franchise they rescued from the jaws of bankruptcy in 2003, or securing additional business partners to help offset their mounting losses.
A CFL source requesting anonymity said at least one group has inquired about purchasing the Argos and had a representative meet with Cynamon and Sokolowski.
However, the meeting ended quickly when the asking price for the franchise was unveiled at between $12 million and $15 million.
The Argos owners, with help from the CFL, also attempted to land a new partner but couldn’t formally secure one.