The CFL will not go forward with a 2020 season after failing to secure financial aid from the Canadian federal government.
The league was looking to get a $30-million, interest-free loan from Ottawa which they made a formal request for on Aug. 3 in order to hold an abbreviated 2020 season during the COVID-19 pandemic. But on Sunday, The Canadian Press reported that the plan had fallen through after an agreement with the government could not be reached.
The CFL initially approached the federal government in April looking for up to $150 million in assistance due to the pandemic. Last month, the league ruled out a loan from the Business Development Bank of Canada because it felt the interest rate was too high.
–With files from The Canadian Press
