Edmonton Elks quarterback McLeod Bethel-Thompson (10) makes the throw against the B.C. Lions during second-half CFL action in Edmonton, Sunday, Aug. 11, 2024. THE CANADIAN PRESS/Jason Franson
EDMONTON – The Edmonton Elks have called a press conference for Thursday to announce the CFL team’s new owner.
A CFL source requesting anonymity told The Canadian Press on Tuesday that the new owner is Alberta businessman Larry Thompson.
He is the former owner of Thompson Brothers Construction.
With a private owner taking over the Elks, the Saskatchewan Roughriders and Winnipeg Blue Bombers are the last two community-owned teams in the league.
The Elks (2-7) sit last in the CFL’s West Division and haven’t made the playoffs since 2019.
Last November, the team, which has been community-owned since it was founded in 1949, reported a $3.3 million deficit in 2022 – the fourth straight year the club ran a deficit – and was seeking private investment to stabilize its future.
This report by The Canadian Press was first published Aug. 15, 2024.
