The Argonauts officially revealed Jim Barker as their new head coach on Tuesday morning.
And though the expectation is David Braley will buy the team from David Cynamon and Howard Sokolowski, there is no deal yet, Argos president Bob Nicholson confirmed.
Another question that had been on the lips of Argos fans was answered as well. Adam Rita will remain as general manager, and said later that he plans to retain assistant GM Greg Mohns and Canadian scouting director Miles Gorrell.
Barker, who coached the Argos in 1999 and the Calgary Stampeders in 2003, most recently had been the Stamps' senior vice-president of football operations/director of player personnel.
"I am thrilled to return to Toronto and to coaching," Barker said. "Coaching never leaves your blood and for me, this is the right situation, with the right organization and people, to return to the sidelines.
"I plan to help create an environment where players and coaches have the support and trust of everyone in the organization which gives you the best chance for success. Professionally, I needed a new challenge and I believe this is the right opportunity for me."
When asked if he intends to keep quarterback Kerry Joseph, Barker said he has not yet evaluated the roster.
There could be an ownership deal to announce by the end of the week.