Third inches

DAN TOTH, CALGARY SUN

, Last Updated: 10:34 AM ET

The sale of the Calgary Stampeders will drag into next week, although one insider said he doesn't expect "any hiccups" will derail the process. The local group led by Ted Hellard and John Forzani should still complete its purchase of the CFL franchise within seven to 10 days, according to the source.

A press conference will then be called to introduce the CFL club's new regime.

Although the same source indicated he "doesn't see any problems at all" in the continuing due diligence process and "there is a lot of paper to go through," the recent emergence of local businessman Bruce Urban could become an issue.

Current owner Michael Feterik has reportedly agreed to push back until next week the deadline to finalize the transaction. But if a sale can't be hammered out, another source has indicated Feterik then will begin serious talks with Urban on a separate deal.

Urban and Feterik met New Year's Eve in Los Angeles and although they reportedly did not discuss a price, Urban claims to know what it would take to secure a deal.

"We didn't get down to price," Urban, president of Western R.V. Country, said earlier this week. "I kind of have an idea where I think that would need to be ..."

Feterik also could have drawn Urban into discussions as leverage to finalize a sale with the Hellard/Forzani group, which has been actively pursuing a deal for more than two months.

Some of the outstanding issues in the proposed deal with the local group include questions regarding the value of season tickets sold by the club since the local group made its offer.

Year-end financial statements from the Stamps Store still are being examined.

Stampeders fans anxious to see a sale completed are reminded it took Feterik some six months in 2001 to finalize a deal with former owner Sig Gutsche.


Videos

Photos