Ghosts from the past

Bernie Glieberman (right) and his son Lonie are hoping to once again get involved with the...

Bernie Glieberman (right) and his son Lonie are hoping to once again get involved with the Renegades. (Ottawa Sun File Photo)

DON BRENNAN -- Ottawa Sun

, Last Updated: 9:29 AM ET

Talks between the Gliebermans and Renegades have again turned hot and heavy.

And by the time finals words are uttered, the Sun has learned that Bernie and his son Lonie could own up to 50% of the team.

Unclear is which of the existing owners is stepping down or whether there will be a dilution of the current powers. But, while co-majority shareholder and team governor Randy Gillies did not return a call last night, Lonie Glieberman confirmed a new round of negotiations had opened up.

Glieberman would not provide details, however, nor could he predict when a deal might be completed.

ECONOMIC SENSE

"If it makes economic sense, it makes economic sense," he said from his ski resort in upper Michigan. "Whether it's in 2005 or 2008."

The Gliebermans, who owned the Rough Riders for a bit more than two years in the early 1990s, had initial discussions about becoming partners in the Renegades last September.

Months and more confusion passed, with Gillies and co-majority shareholder Bill Smith unable to reach an agreement on which of the two would buy the other out. The latest round of conversations with the Gliebermans suggest slow ticket and corporate sales have them in a panic about the possibility of losing more money.

It's believed ownership is more than $5 million in a hole that figures to get considerably deeper in 2005. The Gliebermans may be the franchise's last hope of survival.


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