Handoff set for today

Michael Feterik speaks to the media after selling the Calgary Stampeders to a local group which...

Michael Feterik speaks to the media after selling the Calgary Stampeders to a local group which includes Ted Hellard, John Forzani and Doug Mitchell Tuesday, Jan. 11, 2005. (Calgary Sun/Carlos Amat)

DAN TOTH -- Calgary Sun

, Last Updated: 7:56 AM ET

The Calgary Stampeders new ownership group will be unveiled at 1 p.m. today.

The local buyers, including businessmen Ted Hellard, John Forzani and Doug Mitchell, are expected to be on hand at a press conference along with the rest of the ownership group.

The final documents were signed at a Calgary law office yesterday afternoon, transferring ownership of the Canadian Football League franchise from California businessman Michael Feterik.

Tom Higgins will assume the GM/head coaching duties, although that announcement isn't expected today.

Former Stampeders head coach Jim Barker and one-time president Stan Schwartz are also involved in the new regime.

The new owners reportedly paid Feterik $6.5 million. They are also responsible for other expenses, including severance packages possibly pushing the price to $8 million.

Team president Ron Rooke and GM/head coach Matt Dunigan, who both have two years remaining on their contracts, met with Forzani yesterday to discuss buyouts.

Rooke and Dunigan declined comment.

The future of the rest of the Stampeders coaching and front-office personnel remains uncertain, although Forzani and Hellard met with staff yesterday and plans to meet with them again today.

The new owners are also expected to take control today of the team's McMahon Stadium offices.

Staff at the Stamps ticket office said sales were steady on season-ticket packages for the 2005 CFL season.

Higgins, who resigned in November from his post as Edmonton Eskimos head coach, was a Stamps assistant for nine seasons (1983-92).

Stamps assistant coach Craig Dickenson, secondary coach Mike Roach, offensive line coach Carl Brennan and director of Canadian player personnel Miles Gorrell are under contract until the end of the month.

Head therapist Pat Clayton and equipment manager George Hopkins are expected to remain with the club.


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