. Last Updated: 07/27/2016

CFL Faces Bankruptcy

TORONTO () -- The Canadian Football League could be playing its last few weeks of games, according to league chairman John Tory.

"There's no point about being unrealistic about this in public anymore,'' Tory told the Globe and Mail in Thursday's editions. "We are extremely close to folding.

"We have very serious financial problems. The financial situation is as acute as I've seen it in my five years as chairman of this league.''