Canada’s CF Montreal is seeking a new owner after Joey Saputo announced a sale process. He prefers a buyer committed to the city but will consider investment capacity alongside location. The family will keep running the club during the search, with no asking price or completion timetable announced.
Joey Saputo is seeking a new owner for CF Montreal, the Canadian football club he founded. At a press conference on Monday, he announced that his family was putting the club up for sale. His preference is a buyer with roots in Montreal, but he has left open the possibility of a proposal involving a move elsewhere.[1], [2]
Saputo said a commitment to keeping the team in its current city would have to come with the financial resources to run it and invest in players. He would not accept a substantial discount merely to preserve its location. If a suitable local buyer could not be found, he said he could consider relocation in line with Major League Soccer’s plans.[1]
The Saputo family will continue operating the team until a buyer is found. The club began in late 1992 as the Montreal Impact and joined Major League Soccer in 2012 after playing in other competitions. It owns its home stadium, Stade Saputo. Saputo also remains president of Bologna, the Italian club acquired by a group he led. The neighbouring Montreal Olympic Stadium is due to reopen in 2028 after modernisation.[1]
