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I don't agree with that, the problems started much earlier, elsewise they wouldn't have had to do the expansion. There was definitely a hostile media (read Toronto based) that fed that fire, aside...

I forgot about the NFL loan, that helped as well.

Even in its darkest hours, John Tory stood tall for the CFL
For $1 a year, John Tory joined the CFL as chairman and later commissioner at the league’s most challenging time in history.
Jennifer...

There is a school of thought that this experiment helped save the league (through the expansion fees), the rest of course was a disaster.