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CFL working to secure bailout loan
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georgia_tech_swagger Offline
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Post: #1
CFL working to secure bailout loan
https://www.sportsnet.ca/football/cfl/cp...overnment/


Let's just marinate in this a moment .... a league that collectively loses $10m/year when there isn't a pandemic wants $30m in interest free loans from the Canadian federal government. An interest free loan .... to a sports league that loses money every year .... by a western federal government.

[Image: giphy.gif]
08-03-2020 07:51 PM
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Wedge Offline
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Post: #2
RE: CFL working to secure bailout loan
Hmmm.

The primary source of revenue, ticket sales, is gone, and TV revenue is minimal. That explains why no bank wants to loan the CFL money to finance this season.

They are proposing a short season, presumably with no tickets sold. A short regular season in which each team plays each other team once would take 9 weeks, then 2 weeks for a 4-team playoff. If they start the first weekend of September, they would end in mid-November, when it is hella cold in Winnipeg, where the stadium is outdoors. So why are they proposing to play outdoors in Winnipeg, instead of indoors in Toronto or Vancouver?
08-04-2020 05:15 PM
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PirateTreasureNC Offline
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Post: #3
RE: CFL working to secure bailout loan
I wonder how much consideration the NFL would put into making them a farm league.
08-04-2020 06:29 PM
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GoodOwl Offline
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Post: #4
RE: CFL working to secure bailout loan
(08-03-2020 07:51 PM)georgia_tech_swagger Wrote:  https://www.sportsnet.ca/football/cfl/cp...overnment/


Let's just marinate in this a moment .... a league that collectively loses $10m/year when there isn't a pandemic wants $30m in interest free loans from the Canadian federal government. An interest free loan .... to a sports league that loses money every year .... by a western federal government.

Sharks?


08-04-2020 06:42 PM
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