Edmonton Elks being sold to private owner Larry Thompson: CP source

Larry Thompson is the new private owner of the Edmonton Elks.

A CFL source requesting anonymity said the former owner of Thompson Brothers Construction will become the franchise’s new owner.

The source spoke on the condition of anonymity because neither the CFL nor the Elks have publicly confirmed the sale.

With Thompson taking over, the CFL now has just two community-owned franchises — the Saskatchewan Roughriders and Winnipeg Blue Bombers.

The Elks (2-7) sit last in the CFL’s West Division but have won two straight.

Last month, the team fired head coach and general manager Chris Jones following a 0-5 start. The club had a record of 8-33 over two-plus seasons during Jones’s second tenure with the team, including two seasons (2021, 2022) without a win at Commonwealth Stadium as part of a record 22-game home losing streak. The team hasn’t made the playoffs since 2019.