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CFL Asks $150 Million from Federal Government

The Canadian Football League (CFL) has petitioned the federal government for an CAD150 Million loan as a result of the coronavirus. CFL commissioner, Randy Ambrosie, said circumstances indicate the season may not start until at least September. 

Ambrosie informed the Canadian press that the league’s bid contains three stages: CAD30 Million will be allocated to the legal business, help for the shortened season and another CAD120 Million in case the 2020 campaign is cancelled. 

“We’re like so many other businesses across Canada,” Ambrosie said. “We’re facing financial pressures unlike anything we’ve seen before. Our best-case scenario is we’re almost certain to have to cancel games. But at worst if this crisis persists and large gatherings are prevented, we could lose the whole season and the types of losses we could incur would be devastating.”

Furthermore, the CFL is hoping to partner up with the government on various projects including tourism, broadcast and leveraging Grey Cup, while also being accountable to taxpayers. 

The commissioner commented that if the season were to be called off, the league’s future would be in jeopardy. When contacted, a federal official refused to comment. 

“One of the things, I think, that the CFL and all of us who love the league pride ourselves on is we’re striving to be very optimistic,” Ambrosie said. “But to be realistic, the kinds of losses could have an effect on the future of this league.”

Although the majority of provincial governments have made it clear there will be no sports events this summer, the Grey Cup remains on schedule for November 22nd in Regina.