Sports Betting News: NFL Team History | NFL Football Betting | College Football Betting | Baseball Betting | Basketball Betting | College Basketball Betting | Hockey Betting | Golf Betting | Tennis Betting | Auto Racing Betting | Horse Racing Betting | Soccer Betting
06/16/2009 - Toronto, ON (Sportsbook Betting Lines) - The Canadian Football League has announced plans to change its financial rules after it was revealed that British Columbia Lions owner David Braley helped Howard Sokolowski and David Cynamon purchase the Toronto Argonauts out of bankruptcy in 2003.
The Toronto Globe & Mail first reported the secret transaction and the league responded with a statement acknowledging the pact. Both ownership groups also provided statements, and all three parties said the league's bylaws were not broken.
Braley, according to the Globe & Mail, paid half of the $2 million franchise fee for the purchase and continued to provide financial assistance to the Argos afterward.
The league, while saying it had no knowledge of the transaction at the time, said Braley never had a stake in the Argos and added that competition between the teams was never compromised.
"I have been informed that British Columbia Lions owner David Braley provided financial assistance to Toronto Argonaut owners Howard Sokolowski and David Cynamon, as they sought to strengthen our league by strengthening a storied franchise in our largest city," CFL commissioner Mark Cohon said in a statement. "There has been no suggestion, nor is there any evidence, that this financial transaction had any effect whatsoever on the competitive integrity of our game.
"There is every indication that all three of these gentlemen acted, and continue to act, out of love for the Canadian Football League and respect for its fans. There has also been no breach of the league's Constitution or its bylaws. However, there is clearly a need for improved transparency in such matters. And I intend to work with our Board of Governors to revise our rules so that such financial transactions, no matter how well intended, must be shared with the Commissioner and all governors."
Braley said it was only his intention to help the CFL and the Argonauts when he offered his financial assistance.
"I am a passionate supporter of our country and those things which make it unique and strong, including the Canadian Football League," Braley's statement read. "For that reason, at a difficult time in the history of the Toronto Argonauts, I offered Howard Sokolowski and David Cynamon financial assistance. While I am always willing to share my business advice and counsel with any of my fellow governors, I have never directed the operations of the Toronto Argonauts, and I have certainly never been an owner of the Toronto Argonauts."
Sokolowski and Cynamon offered a similar reply.
"To encourage the purchase of the Toronto Argonauts during a very difficult time in the team's history, David Braley offered financial assistance to us to make the transaction more attractive," Sokolowski and Cynamon stated. "This did not breach the league's Constitution or its bylaws. David Braley is not an owner of the Toronto Argonauts and has never been an owner of the Toronto Argonauts nor has he directed in any way the team's operations. David Braley is a staunch supporter of the CFL and has only ever acted to protect the league's best interests."
<< Spurs reach agreement with ex-boss Ramos
London, England (Sportsbook Betting Lines) - Tottenham has finally agreed a compensation
package with Sevilla for former manager Juande Ramos.
The Spaniard's appointment as manager at White Hart Lane in October 2007
annoyed Sevilla and they
<< Astros activate Matsui from 15-day disabled list
Arlington, TX (Sportsbook Betting Lines) - The Houston Astros activated second baseman
Kazuo Matsui from the 15-day disabled list on Tuesday.
Matsui had been on the DL since May 30, retroactive to May 26, with a strained
right hamstring he suffered
<< Ballardini set for Lazio job
Rome, Italy (Sportsbook Betting Lines) - Former Palermo boss Davide Ballardini is set to
be confirmed as the new coach of Lazio.
Ballardini resigned after leading the Sicilian club to an eighth place finish
in Serie A this season but is set to ma
<< Fighting an uphill battle
Philadelphia, PA (Sportsbook Betting Lines) - This week, the BCS will hear a proposal
by the Mountain West Conference to bring about an eight-team playoff system
for the national title. The only problem is, while the BCS will go through the
motions, its
Nats activate Wells from DL >>
Bronx, NY (Sportsbook Betting Lines) - The Washington Nationals activated pitcher Kip
Wells from the 15-day disabled list on Tuesday and optioned right-hander
Jason Bergmann to Triple-A Syracuse.
Wells has been on the disabled list since May
Villa opens talks with Tottenham's Bentley >>
Birmingham, England (Sportsbook Betting Lines) - Aston Villa have opened talks with David
Bentley as they attempt to complete the signing of the Tottenham midfielder.
The 24-year-old moved to White Hart Lane from Blackburn Rovers last summer in a
16mi
Villarreal to tighten its belt next season >>
Villarreal, Spain (Sportsbook Betting Lines) - President Fernando Roig has confirmed that
Villarreal will be operating on a reduced budget next season.
The Yellow Submarine will be coached by Ernesto Valverde next season following
Manuel Pellegrini'
Report: Clemson extends Purnell through 2016 >>
Greenville, SC (Sportsbook Betting Lines) - Clemson head basketball coach Oliver
Purnell has reportedly agreed to a contract extension that runs through the
2015-2016 season, according to the Greenville News.
Purnell has been with the progr
Now, it's okay to call the league hypocritical when it releases injury reports, which players have told me only helps bettors. And it's okay to mutter something obscene when the league pretends gambling doesn't help drive TV ratings and fan interest and put money in owners' pockets. But when it supports other forms of gaming? Big Deal. The Bears should put an orange "C" on every deck of cards dealt at Harrah's in Joliet; the Eagles should slap their logo on roulette wheels at the Borgata in Atlantic City; the Dolphins should hold training camp at the El San Juan in Puerto Rico.
Seriously.
The NFL's problem, when it comes to the gambling world, isn't hypocrisy, it's worse: The bosses lack vision. That's why the league is picking unwinnable fights in Delaware and taking pot shots from critics after making smart sponsorship deals. Roger Goodell and his gang are acting and thinking locally rather than globally, which is rare for them, especially compared to their professional (and amateur) counterparts.
The NBA held its All Star game in Las Vegas and David Stern's kingdom didn't crumble (although the town did bring plenty of players to their knees.) I'd say it's 6 to 5 and pick 'em that Lebron will make a road swing through Sin City before his career is over.
Even the NCAA College Football Betting is more progressive on this issue than the NFL. Several years ago Rachel Newman Baker, college sports' gambling czar, opened a dialogue with Vegas bookmakers to learn about how they do business. She's visited Nevada sports books, studied their operations and listened to how they regulate action. Now she knows she can expect a call from bookmakers, who lose money when sports are fixed, if they think something sketchy is going on in NCAA games. She's not in favor of sports betting, but, as she once told me, "I know it's not going away, either."
The NFL can't seem to accept that. And until it can find peace with the idea, it'll get flack, even when it's right.
To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts MasterCard needs.
Sports Betting News: NFL Team History | NFL Football Betting | College Football Betting | Baseball Betting | Basketball Betting | College Basketball Betting | Hockey Betting | Golf Betting | Tennis Betting | Auto Racing Betting | Horse Racing Betting | Soccer Betting