Edmonton Elks may be sold to private owners [Video]

EDMONTON –

The Edmonton Elks may be looking to sell to a private ownership group for the first time in the franchise’s 75-year history.

The Elks announced that team president and CEO Rick LeLacheur, as well as board chair Tom Richards, provided an update to the Canadian Football League’s Board of Governors on its ongoing ownership review on Wednesday.

That update is based on the findings of a special committee working with Park Lane, a sports investment bank that managed the sale of the Montreal Alouettes a year ago.

Richards told reporters in November that the goal of the five-person committee is to ensure “professional football continues to thrive as a member of the Canadian Football League in Edmonton and northern Alberta.”

“The special committee will bring forward recommendations to the club’s board of directors, which will ultimately determine the best ownership structure for the club moving forward,” reads a statement from …