Pierre-Karl Peladeau is the new owner of the Montreal Alouettes
CTV
Pierre Karl Peladeau is the new owner of the Montreal Alouettes. The Montreal businessman was unveiled as the franchise owner by the CFL at a news conference this morning at Olympic Stadium.
Pierre Karl Peladeau is the new owner of the Montreal Alouettes.
The Montreal businessman was unveiled as the franchise owner by the CFL at a news conference at Olympic Stadium on Friday. Peladeau, the president/chief executive officer of Quebecor Inc., has a reported net worth of US$1.9 billion.
Peladeau, a former leader of the Parti Quebecois, will represent the Alouettes as their lead governor on the CFL's board of governors.
"I am delighted to be the new owner of the Montreal Alouettes, a team with a long history that has a significant impact on our community because it brings us together," Peladeau said in a statement. "This team that I saw rise to the top of the CFL and win the Grey Cup is our team; it's the fans' team.
"I want to bring stability and a long-term vision, which will allow us to put Montreal back at the top of Canadian football. I want to thank our fans for their continued loyalty."
The move comes just over a week after the CFL entered into an exclusive negotiation with Peladeau regarding ownership of the franchise.
"Our goal in this process was to put the Alouettes on a path to long-term success, ideally under strong, local ownership," said CFL commissioner Randy Ambrosie.
