Ottawa offers to help CFL with short-term loan, no decision on season expected Friday: TSN

According to TSN’s Dave Naylor, his sources are telling him the federal government has offered to help the Canadian Football League ahead of a potential 2020 season.

But it would be in the form of a short-term loan with high interest rates and fees.

Sources say the federal government has offered to help the @CFL with a short-term loan, at a high interest rate and fees. League believes taking that kind of loan would put them in a worse position going forward. #CFL

— David William Naylor (@TSNDaveNaylor) July 31, 2020

Naylor said people in the league believe it would put them in a worse spot going forward.

Friday is the self-imposed CFL deadline day for a decision on a 2020 season but Naylor is also reporting no decision is expected today.

The Canadian Press also reported on Friday the league was no longer looking to the Business Development Bank of Canada for a potential solution.

The CFL season has been on hold due to the COVID-19 pandemic.