The CFL is reportedly making a last-ditch effort at securing funding from the federal government, and is now engaged in discussions about a $30-million, interest-free loan.
The sources said the newest request came after communication between the federal government and unspecified CFL owners. The sources spoke on the condition of anonymity because neither the league nor federal officials have publicly divulged potential funding details.
But sources had told The Canadian Press the BDC was not a funding option because the bank and the league couldn’t agree on loan terms. The CFL continues to meet with the CFL Players’ Association about amending the current collective bargaining agreement to allow for an abbreviated season. The league originally set July 24 as the deadline for CBA amendments, an extension of the deal past its 2021 expiry, federal funding and health-and-safety protocols.
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