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POSSE'S RIDE IS OVER; VEGAS INVESTORS ASK FOR TOO MUCH
Published April 5, 1995
CFL Commissioner Larry Smith announced that he was suspending the Las Vegas Posse franchise for the '95 season, leaving the league "with a cumbersome 13 teams, an unbalanced schedule and a seeming credibility crisis," according to the Baltimore SUN's Ken Murray. The death of the Posse marks the first failure of a U.S.-based CFL franchise, after repeated efforts to place the team in Los Angeles, Mobile, AL, and Jackson, MS, all failed. Baltimore CFL owner Jim Speros says a deal to sell the team to Northern VA investor William Collins and move them to Jackson failed when the Posse's owners asked for an additional $250,000 on top of the $1.8M sale price. Speros adds that the Vegas owners, Glenn Golenberg and Marshall Geller, threatened a lawsuit when the league "talked about revoking the publicly held franchise and awarding a new franchise to Collins in Jackson." Speros says the Posse's demise could be beneficial for any U.S. TV-contract in the league's future: "Some people have said to me, 'It seems like minor league to go to Mississippi.' That's what I first thought too" (Baltimore SUN, 4/5). MONTREAL IN '96? New Rough Riders owner Horn Chen has acquired the rights to the Montreal market as part of his deal to acquire the team and is negotiating to help put a CFL team there for the '96 season. Chen's intent is not to move the Riders, but to "renew the team's rivalry" with Montreal, according to Chen spokesperson Al Howell. Former Riders president Phil Kershaw will be assigned to redevelop the CFL market in Montreal (TORONTO SUN, 4/4).