Ottawa CFL bids due

DON BRENNAN -- Ottawa Sun

, Last Updated: 10:59 AM ET

The CFL's attempt to secure an owner in Ottawa reaches another level today.

Interested groups have until 5 p.m. to submit a package containing their business plan, front office structure, philosophical approach to running a team and a five-year budget projection.

Barring a last-minute change of heart, three parties are expected to continue with the process.

Toronto-based financial services company Golden Gate Capital; a group led by beverage entrepreneur Frank D'Angelo that includes pharmaceutical billionaire Dr. Barry Sherman; and a group of 8-10 American investors spearheaded by former CFLer Bill Palmer.

Already having "meaningful" discussions with the city on a lease for the football team at Frank Clair Stadium is 67's owner Jeff Hunt, who has been hired by Golden Gate and will serve as the team's president if the bid is successful.

While the Palmer group is reportedly interested in 2008 and D'Angelo wants to get going in 2007, Hunt says his partners would consider the league's preferences.

"I think we're going to look at it as something we do in consultation with the CFL," said Hunt, confirming the required, documented envelop would be in the league's hands today. "There's a good argument for '08, and '07 has its ups and downs as well. I have my own preference, but we're going in without a date set in stone."

It's unknown what step the league will take after studying proposals. A decision on the winning bid -- if one of the current groups in fact meets the CFL's requirements -- isn't expected to be made public until later next month.


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