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AFTER SOME ROUGH-RIDING, THE CFL FINDS A SAVIOR IN OTTAWA
Published March 9, 1995
The CFL announced that an agreement to buy the Ottawa Rough Riders had been reached with Chicago businessman Horn Chen. The deal is still subject to approval by the league's Board of Governors, which will vote within the next two days (Rough Riders). Tentatively, the deal includes a $335,000 payment to former owner Bruce Firestone, which will go towards paying off Firestone's list of creditors (Campbell & Hill, OTTAWA CITIZEN, 3/9). Chen, an owner of several Central Hockey League franchises, "specializes in turnaround play, finding investment bargains in the dregs" (Wayne Scanlan, OTTAWA CITIZEN, 3/9). MORE EXPANSION? Bruce Frey, the leader of the Miami group attempting to bring a CFL team to the Orange Bowl, said his group has "decided to seek an expansion franchise" instead of luring the defunct Las Vegas Posse. Frey says he is "confident" his group can lure the CFL to Miami for the '96 season (MIAMI HERALD, 3/8).