Good article on the FC Edmonton situation. Bluntly, it doesn't look good.
If the claim that the league walked away from a $1 million offer to buy the club is true, the league should have taken that and run...
Quote:
A high-ranking official from another CPL side described FC Edmonton’s inclusion in the Canadian Premier League back in 2019 as a ‘marriage of necessity’ at the time, but overall states that their inclusion was a poor decision from league management as they were ‘predictably not a good league partner’.
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We had reported that new ownership groups had sniffed around, and we’ve now verified this with multiple sources. It also turns out that more than one group submitted a lowball offer of one million dollars which was reportedly rejected by the league, who had valued the team to the tune of about closer to nine million dollars instead.
A trusted source states tell us that a small number of potential owners all walked away from the Eddies at this valuation, which also came with the large caveat that they’d be saddled with Fath Sports Limited’s existing club-related debts, too. It’s unclear what this amount totals, but some numbers run as high as twenty-one to thirty million dollars. We weren’t able to confirm that figure, however.
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https://northerntribune.ca/fc-edmonton-fold-discussion/