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CFL Takes Over Toronto Franchise

July 29, 2003

TORONTO (AP) _ The CFL took over operations of the financially strapped Toronto Argonauts on Tuesday.

The move to take over the franchise from owner Sherwood Schwarz was endorsed by a vote of the league’s board of governors.

Paul Robson, the league’s chairman of the board, will run the day-to-day operations of the team. The CFL will continue its efforts to secure new ownership for the team.

Major league baseball took over operations of the Montreal Expos before the 2002 season.

Schwarz had injected more than $18 million into the team since he bought the Argos three years ago. He has been unsuccessful in getting any partners to come aboard.

The CFL has already advanced Schwarz $1.3 million for various expenses, the majority of it for players’ salaries, on the assumption he could find new partners.

An Argos spokesman said Tuesday the players would be paid as scheduled this week.

The Argos are 3-3 going Friday’s home game against the B.C. Lions.

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