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By Zephyr (registered) | Posted October 17, 2012 at 16:02:42 in reply to Comment 81847
I just read the Memorandum of Understanding between the Ti-Cats and the city (photo of the document posted by Joey Coleman): https://plus.google.com/photos/102848329...
Seems that the Ti-Cats have until December 31st, 2012 to get a professional soccer team (NASL) franchise. If they do not, the city has the right to pursue a team. Without a professional sports team in place, there will not be a youth soccer team. The Ticats were also to pay $150K a year in rent if they landed an NASL team.
According the the MOU, Bob Young has NO financial responsibility, he just loses the exclusive right to bring an NASL team. Which I expect is a right he is not exactly pursuing very hard at all.
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