Lapointe's group won't be buying Alouettes. MORE:
Lapointe said Friday his group of potential investors has decided against pursuing ownership of the troubled CFL franchise. He added that decision was made Thursday.
For now, though, a CFL spokesman said Wetenhall continues to own the Als. But the real possibility exists that the league could be tasked with helping find a new owner. Lapointe, a 44-year-old Montreal native who was inducted into the Canadian Football Hall of Fame in 2012, had stated often he could quickly pull together a well-funded local ownership group if contacted. There were reports last month the Alouettes were close to being sold, but club president Patrick Boivin denied the franchise was up for sale.
Wetenhall has owned the Alouettes for more than 20 years. He resurrected the franchise in 1997 after it was revoked from Michael Gelfand and declared bankruptcy. Wetenhall also assumed the organization’s debts despite not legally being obligated to do so.
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