The Edmonton Elks have found a new local owner.
Larry Thompson, former owner of Thompson Brothers Construction will become the franchise’s new owner.
With Thompson taking over, the CFL now has just two community-owned franchises — the Saskatchewan Roughriders and Winnipeg Blue Bombers. The team, which has been community-owned since it was founded in 1949, reported a $3.3 million deficit in 2022 and was looking for private investment to stabilize its future.
The Elks (2-7) sit last in the CFL’s West Division but have won two straight.
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