CF Montreal are for sale: What it means, how much it could cost, and what’s next for the MLS club

In an emotional press conference, CF Montreal’s founder and owner Joey Saputo refused to rule out relocation

In a rare press conference, CF Montreal owner Joey Saputo announced that his family was beginning the process of “initiating a structured sale process” of the MLS club. Saputo informed the public of his intentions on Monday afternoon, pausing multiple times to fight back tears after over three decades of owning the Quebecois club.

“This decision is neither driven by urgency, nor dictated by circumstance,” Saputo said in his initial scripted remarks. “It’s the result of a careful and deliberate reflection on where we stand today, and more importantly, on the opportunities that lie ahead for the club.”