Stampeders handoff

DAN TOTH -- Calgary Sun

, Last Updated: 9:03 AM ET

A local group involving John Forzani is completing its purchase of the Calgary Stampeders and the sale could be announced by the end of the month, according to two sources. A source with knowledge of the negotiations said yesterday owner Michael Feterik has accepted an offer of close to $6 million Cdn for the CFL club.

The purchase group also includes local businessman Ted Hellard.

"We won't comment at this time," Hellard said last night.

Sportsnet also reported last night Forzani had purchased the CFL team, claiming an announcement won't be made until after Christmas.

Sources believe former Edmonton Eskimos head coach Tom Higgins will be hired as GM-head coach, while longtime president Stan Schwartz -- removed from office in 2003 -- and former Stampeders head coach Jim Barker will also receive roles in the revamped organization.

One source said Forzani, a former Stampeders player whose Forzani Group Ltd. owns the SportChek chain of retail stores, will be the controlling partner.

Forzani has a longstanding friendship with CFL commissioner Tom Wright and the two first met with Feterik in Calgary last spring to discuss a deal.

Feterik bought the team in 2001 from Calgary businessman Sig Gutsche.

Feterik and Forzani were unavailable for comment last night.


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